The UK Pensions Blog

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500,000 women deserve a better state pension deal

The injustice over women’s state pensions can be avoided – and it needn’t cost vast sums<p>Earlier this month the House of Commons unanimously passed a backbench motion to provide “transitional arrangements” for women born in the Fifties who have seen their state pension age increase from 60.<p>Most of …

Could pension age be raised yet again? Ministers to unveil radical review which could see pension age rise to 69

Britain's state pension age is set to be raised again under a Government review to be launched next month.<p>Ministers are to unveil a radical review of …

Retirement

47 days left of 66pc pension boost: This is what you need to do now

George Osborne is expected to axe the most generous tax breaks on March 16 - with immediate effect<p>The Chancellor is finalising plans that could see the most attractive aspect of pension saving – the boost given to contributions in the form of tax relief – severely curtailed or even scrapped …

1.5 million savers 'face 55pc pension tax'

More than 1m savers are at risk of paying 55pc pension tax because they will 'save too much' in their lifetime, new figures suggest<p>The number of people caught by the "pension lifetime allowance" - the maximum sum anyone can save into a pension throughout their life - could rise to well over one …

In numbers: how Osborne's tax raid will knock £58,000 off your pension pot

Savers could be about to see their future retirement funds slashed - here's how to get the most from the taxman<p>Sarah Missen was pleased to join the one in six British workers who pay 40pc tax.<p>Not that the prospect of handing more to the taxman particularly appeals to her, of course. More that, at …

PREPARE FOR RETIREMENT

The pensions landscape is changing radically as the Government seeks to cut the tax breaks it gives to savers.<p>Despite the impending upheaval, experts …

Retirement

Not again! New plot to raid your pension pot: Treasury looking to limit lifetime allowance to £750,000 and further restricting saving each year

Drastically lower limits on pension savings are being considered by the Government.<p>Treasury officials are examining cutting the lifetime allowance to …

Finance

'New pension pot raid will penalise prudent savers': Middle-class savers face crackdown

GETTYOsborne wants to cut tax relief on pensions<p>Chancellor George Osborne wants to cut the £34billlion annual cost of tax relief on them, and is …

Finance

How to make the most of tax relief through a Sipp

<i>A change rumoured to be announced in the Budget could make pension investing much harder - here's how to make the most of the tax relief through a "Sipp".</i><p>The Government consulted last year on changing the tax relief on pensions and fears abound that the system will become significantly less …

Pensioners deserve honesty from the government

Clarity is the least that our nation's elderly deserve.<p>Pensions have dominated the front pages of our newspapers over the last few weeks with …

Great Britain

Don't let a bumpy stock market affect your retirement planning

Exposure to the stock market allows pre-retirees to accumulate strong retirement savings, but times like this remind us of the need for …

Retirement

VOLATILITY EXPERT: Get ready for more extreme days in the market

According to Todd Hawthorne, the lead portfolio manager at Boston Partners, the swings and volatility in the stock market of the past few days are going to be the new normal for 2016.<p>"This is a resumption of normalized volatility behavior, and I expect it is what we're going to see going forward," …

Stock Markets

Why I'm borrowing £5,000 on credit cards to put in my pension

It stacks up to borrow cheaply in the short-term to grab a tax break set to be axed within weeks<p>Borrowing to invest is inadvisable in most circumstances.<p>But don’t shoot me down just yet.<p><b>If, as we have predicted here for many months, pension tax relief is to be scrapped for 40pc taxpayers in the</b> …

STEVE WEBB: Stop punishing pension savers for saving too much

Once upon a time, governments used to talk about pensions ‘simplification’.<p>They promised a single, simple system where people knew where they stood …

HOW THIS IS MONEY CAN HELP

Today, Money Mail launches a major campaign to stop savers’ pensions being destroyed by desperate politicians.<p>After weeks of investigations, it can …

Retirement

What’s led to Ros Altmann letting down thousands of women on their state pensions?

Once a fearless pensions campaigner, the Minister has failed to clear up the government's mess over state pensions for an entire generation of …

Great Britain

Excessive early exit charges on pensions to be capped, says Chancellor

The Financial Conduct Authority must ensure firms don’t rip off consumers with extortionate exit charges on those taking advantage of pension …

Millions of savers face pension shock in Budget: We reveal tricks to guard your nest egg from tax onslaught

Millions of savers are about to get walloped by pension tax changes that could slash their retirement savings by tens of thousands of pounds.<p>High …

Finance

Fixing UK pensions requires a scalpel and not an axe | Financial Times

In the months since the Conservatives won the general election, George Osborne’s driving mission has been to come up with policies that steal the …

HOW THIS IS MONEY CAN HELP

The former minister who masterminded the pensions revolution last night turned on George Osborne for his stealth tax raid on nest eggs.<p>Steve Webb, …

Investing

RACHEL RICKARD STRAUS: Why is Osborne inviting future governments to pilfer our pensions?

It may not be Osborne who goes down in history as the Chancellor who chomped away at our retirement nest eggs. But it’ll be he who laid the table for …

Finance

Thousands could miss out as pension exit fees scrapped

George Osborne

Time to give public a ‘big shove’ towards pensions advice

I think most readers of Financial Adviser would be in agreement with the core objective of the Financial Advice Market Review, which is to improve …

Retirement

Act before flat rate pension tax relief is introduced

Middle class savers need to act now on retirement savings before the flat-rate pension tax relief is introduced and take the tax relief while it …

Retirement

How could this one-time fearless campaigner let down thousands of women over their pensions?

Ros Altmann got her job as a pensions minister largely because she'd proved an indefatigable communicator. So it's rather ironic that she's now in trouble for failing to provide basic information about changes to the state pension.<p>The consumer champion-turned-minister is under fire on several …

Pensions

Pension changes: how flat rate tax relief could affect you

Rumours are growing that in the spring Budget on 16 March George Osborne will scrap the higher-rate tax relief available on pension contributions and …

Using pensions to take tax-efficient business profits

Alan, aged 56, owns a limited company. Each year he reviews his remuneration strategy at the end of his reporting period on 31 December. The approach …

Finance

Pensions: government denies women kept in dark

The government has denied that women were kept in the dark about increases to the state pension age and said ‘millions’ of leaflets were sent out …

Tory MPs warn major reforms to pensions taxation would 'hammer the rich'

Mark Garnier, a Conservative MP and member of the Treasury Select Committee, has called it “bad politics, symbolically” to increase the tax for higher rate taxpayers<p>George Osborne's major reforms to pensions taxation would "hammer the rich", Conservative backbenchers have warned.<p>The Treasury are …

Will Mr Osborne go down in history as the man who killed pensions?

The date will be etched in George Osborne’s memory. March 19, 2014, was the day he was hailed as the champion of savers after putting an end to years …