No time to waste: minimum pension contributions must rise
A new report from the ABI is sending a clear message to employers, employees and the self-employed – a significant increase in the minimum contributions to workplace pensions is required.
Pension Contributions
The pension annual allowance trap
HMRC figures show that the pension annual allowance continues to help fill its depleted coffers but to the detriment of the taxpayer. How are your contribution levels looking?
Reconsidering your pension contributions
Increases to NICs from next April may disadvantage employees who make direct contributions to their pension pot, with salary sacrifice becoming a more attractive option.
Timing Retirement Saving
Research from the Institute for Fiscal Studies (IFS) examines how pension contributions fit into life-cycle patterns.
Retiring in 2021… or beyond
A recent survey of people who have or plan to retire in 2021 provides interesting insights, whatever your intended retirement year.
The tax year end approaches as filing deadline eased
An early 3 March Budget means the time is now to consider your tax position.
A change to the annual allowance taper
The thresholds for taper relief on pensions taxation have been increased, although highest earners face some negative changes. Now is a good time to review and potentially increase your pension contributions.
Time to start your year end tax planning
The next Budget could affect pensions, capital gains tax & ISAs. Make sure your year end tax planning is complete before they are announced.
Doctors tapering off as pension tax rules bite
Reports of senior doctors and consultants receiving unexpected tax bills after breaching pension annual allowance tapering rules highlight the need for regular reviews.
Check your April pay slip
Your April pay may look much the same as March’s, but it is worth giving your pay slip a close look. If you are an employee, your April pay slip is always worth checking, even if you pay little attention to the other eleven you receive over a year.