Home Tags Lifetime allowance

Tag: lifetime allowance

Saving Habits Of Millionaire SIPP Investors

If you have always wanted to know how savers manage to stuff their pension pots with a million pounds, here is the inspiration you...

Lifetime Allowance Unfair To Pension Savers

Retirement savers are finding their plans to plough money into pensions are stifled by prices rising slower than wages. The annual increase in the lifetime...

Pension Row Doctors Stop Working Extra Shifts

Doctors are refusing to work extra shifts to reduce hospital waiting lists in the UK because the over time is triggering extra pension tax...

How Much Can I Save Into A Pension?

The government encourages workers to save for their retirement by offering a tax top up on savings, but few people know what the limits...

Pension Jargon Perplexes Silver Surfers

If you are a silver surfer searching the web for retirement financial advice and are perplexed about the jargon, then you are not alone. For...

Big Fines Await Workers Saving Too Much In Pensions

Workers are often chastised for not saving enough for retirement, but fines lie in wait for the tens of thousands who save too much. The...

Judge Slams HMRC For Unreasonable Pension Ruling

The tax man has lost a landmark case against cancelling lifetime allowance pension protection which could lead to a string of court cases. The First-Tier...

QROPS And The Lifetime Allowance

One good reason for switching a UK pension fund to an offshore QROPS for expats is to avoid the lifetime allowance. The lifetime allowance is...

Savers Punished For Putting Too Much Money Into Pensions

Government tinkering with the annual allowance has triggered a big increase in the number of retirement savers facing tax bills for investing too much...

Tax Penalties For Saving Too Much In A Pension Triple In...

The amount of tax paid by retirement savers putting too much money into their pensions has tripled after a succession of cuts to the...

£120m Tax Bill For Pension Savers Squirrelling Away Too Much Cash

Pension savers with too much money in their retirement funds paid £120 million in tax last year, according to official figures. Despite encouragement from the...

FTSE Firms Switch To Paying Cash Instead Of Pensions

Tax changes cracking down on how much high earners can pay into their pensions have led to FTSE 100 companies more money instead of...

£1m Lifetime Limit Isn’t A Savings Cut-Off, Says Minister

Despite the gripes about the decreasing lifetime savings limit on retirement pots, Pension Minister Richard Harrington believes the £1 million cap is too generous. In...

QROPS Protecting The Lifetime Allowance

Expats have two options for protecting their pension savings from a tax raid if they breach the lifetime allowance. The lifetime allowance sets out limits...

How Osborne Wants To Squeeze Your Pension Savings

If you are saving hard for retirement and expect your pension to bust the new £1 million fund gap – then brace yourself for...