Week in Business: Will Reeves Launch a Massive Tax Raid on Property and Pensions? Video Christian May interrupts your holiday with grim news on another punishing round of tax hikes coming in the Autumn.
Keir Starmer refuses to rule out pension tax raid Politics Prime Minister Keir Starmer shied away from ruling out a pensions tax raid at the Autumn Budget despite top researchers’ calls for the government to refrain from adding ever-higher cost burdens on Britons. Keir Starmer has faced repeated questions about several taxes being introduced later this year given City estimates that as much as £24bn [...]
Why ISAs and pensions make a ‘perfect combination’ Personal Finance A key personal finance deadline is approaching. Savers with Individual Savings Accounts have until April 5 2025, to use their annual tax-free allowance, which shields up to £20,000 of savings in the 2024/25 tax year from tax on interest, capital gains or dividends linked to ISA investments. Last year, investment platform AJ Bell said that [...]
Pension death tax will punish millions of savers, says advisory firm March 5, 2025 Planned government changes to pension taxes must be dropped, according to City experts. Advisory firm Blick Rothenberg has slammed the move as a “poorly conceived policy change [that] penalises prudent savers and their loved ones through double taxation.” The pension reforms – announced in October’s Budget and set to kick in from April 2027 – [...]
UK’s pension wealth is being ‘squandered’, Phoenix boss warns February 4, 2025 The UK’s pension wealth is being “squandered” due to the fragmentation of the market and a lack of risk taking among money managers, the investment chief of Phoenix has warned. Writing in City AM today, Mike Eakins, chief investment officer of the FTSE 100 pensions giant, said the UK was an “outlier” compared to similar [...]
Pensionbee boss reveals the secret to a successful pension October 22, 2024 Pensionbee CEO Romina Savova has revealed what she describes as the big secret behind a successful pension.
‘Hugely damaging’: AJ Bell warns Reeves against pension tax raid October 7, 2024 AJ Bell has added to mounting calls for Rachel Reeves to retreat from a raid on UK pensioners today as it warned rumours of the government’s tax plans were “hugely damaging” and “making people fearful about long-term saving”. In a call to the Chancellor, the FTSE 250 savings and investment platform, which is headquartered in [...]
Budget: Rachel Reeves set to drop pensions tax raid plans, per report October 7, 2024 Rachel Reeves is reportedly set to drop plans for a tax raid on pensions over fears it could unfairly affect public sector workers. The Chancellor has been warned that a scheme to reduce the 40 per cent tax relief on higher earners could disproportionately impact teachers and nurses, the Times reported. Treasury officials told Reeves [...]
Is Rachel Reeves planning a £24bn pension tax raid? October 1, 2024 It has been reported that the Treasury is considering what could amount to a £24bn pension tax raid as Rachel Reeves tries to plug her £22bn budget black hole. The Chancellor has reportedly been looking at tax relief on pension contributions, specifically, employers’ national insurance relief. There are two forms of national insurance. Employees, paid [...]