The Chancellor of the Exchequer, Rishi Sunak, is expected to announce that the Government will be pumping extra billions into the economy when he sets out details of the Budget and Spending Review on October 27.
Pension savers have been hit hard by tax charges, according to the latest Government figures.
Almost all workers should now be enrolled into a workplace pension under the Automatic Enrolment scheme. But as the employer, your legal duties do not end there. Read more…
Research suggests that the average woman in her twenties today will retire with £100,000 less in her pension than her male peers.
The Institute of Chartered Accountants in England and Wales (ICAEW) has raised concerns over proposals to alter the level of tax relief on pensions contributions for low-earners, arguing that any changes could burden businesses. Read more…
Pension flexibilities afforded to employers throughout the coronavirus pandemic will be removed from 01 January 2021, it has been revealed. Read more…
Employers should continue to enrol, re-enrol and contribute towards workers’ pensions whether they are furloughed or not, The Pensions Regulator (TPR) has confirmed. Read more…
The Government has announced that it will cover employer National Insurance Contributions (NICs) and pension contributions of furloughed workers. Read more…
An increasing number of people saving for retirement have been hit by tax charges for exceeding the amount they are allowed to put away tax-free. Read more…
HM Revenue and Customs (HMRC) has recently withdrawn an appeal in a key court case over a 55 per cent charge it wanted to levy. Read more…