Qualifying Recognised Overseas Pension Schemes

  Tax rate charge on transfers on or after 9 March 2017 Qualifying Recognised Overseas Pension Schemes (QROPS) transferred on or after 9 March 2017 are now subject to tax charge at a rate of 25% on the transfer Read More

Money Purchase Annual Allowance reduction

  Discouraging individuals who seek to abuse the flexible pension rules The Money Purchase Annual Allowance (MPAA) reduced from £10,000 to £4,000 from April 2017 Read More

Pension freedoms

Retirement savers say they are still confused by the rules On the second anniversary of the pension freedoms reforms THAT took effect from April 2015, some retirement savers say they are still confused by the rules and want no more changes Read More

Money Purchase Annual Allowance

Reduction to prevent inappropriate double tax relief Chancellor of the Exchequer, Philip Hammond, delivered his first and last Autumn Statement to Parliament on Wednesday 23 November 2016 Read More

Pensioners financially ‘reliant on others’

New research outlines typical financial situations A small number of pensioners are relying on loved ones to help them financially during retirement, and those approaching retirement seem to be in an even worse situation Read More

New State Pension

How much will I get under the new State Pension? The State Pension changed on 6 April 2016 Read More

Pension freedoms: one year on

What are the key reasons for shifting retirement patterns? New pension rules which give you far greater flexibility over what you can do with your pension pot came into force on 6 April 2015, but according to Aviva’s latest Working Lives report a third of people aged over 50 who are employed in the private sector are now planning to retire later than they previously hoped Read More

Pension tax relief

New tapered annual allowance for high earners The pension tax relief system is about to be reinvented Read More

Pension credit

Cuts for people who go abroad for over a month People who go abroad for over a month will no longer be eligible for pension credit Read More

Is cash really king?

Retirees exploit new pension freedoms Since 6 April this year, anyone aged 55 or over could – in theory – empty their money purchase pension funds entirely, although any withdrawals will be treated as income and taxed as such Read More

Pension earmarking orders

Divorcees may need to take action to protect benefits following pension reforms An unintended consequence of the pension reforms is that any divorcee with a pension earmarking order may need to act fast to protect their benefits Read More

Pensions Freedom

Your questions answered Most people now have more options when it comes to their retirement choices Read More

Employee benefits

Take your pension to the max Pensions have long been seen as a tax-efficient form of investment Read More

Workplace challenges for older workers

One in three could not carry out current jobs past their traditional retirement age Employers estimate up to a third of their staff would struggle to continue in their current jobs past traditional retirement ages, research for MetLife Employee Benefits[1] shows Read More

Pension Freedom

The most radical reforms this century In Budget 2014, Chancellor George Osborne promised greater pension freedom from April next year Read More

A new era for pensions

The changes announced by George Osborne in his 2014 Budget have turned established assumptions about pensions on their head Read More

Alternatives to pensions

Whereas final salary schemes, of which very few remain in the private sector, place the onus of providing a given level of retirement income on the employer, the value of defined contribution (DC) schemes is determined by the investments into which the contributions are directed Read More

A new deal for savers

The Chancellor’s 2014 Budget was designed to assist “the doers, the makers and the savers”, and it contained major and unexpected improvements to both pensions and savings Read More


We are all living longer Read More

You’ve paid your money, now take your choice

You and a generous taxman have been paying into your pension for many years and, unless it is a final salary scheme, you will need to choose – as retirement approaches – what to do with the accumulated ‘pot’ Read More

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