Pension savers urged to act as pension lifetime allowance removal comes into force | Personal Finance | Finance
Pension savers have been urged to check if they are affected by a key policy change. The pension lifetime allowance (LTA) was removed at the turn of the tax year earlier this month. Under the previous allowance, a person could save up to £1,073,100 into their private pensions and not pay tax, with the policy to be scrapped from April 2024. The More...
Speedy Hire revenue dips as warm winter hits tool rental firm | Personal Finance | Finance
Tool and equipment rental firm Speedy Hire has reported a dip in revenue, citing a mild winter and “challenging market.” conditions. Despite this, the company expects to meet the lower end of its More...
New warning for pet owners risking £500 fine under new rules coming in weeks | Personal Finance | Finance
Cat owners in England are being warned to make sure their felines are microchipped before new regulation comes into force. From June 10, 2024, all cats in England must be microchipped and registered on a database More...
State pension age could drop to 63 without threat to triple lock, expert says | Personal Finance | Finance
A pensions expert calling for a state pension age at 63 with a reduced payments rate has explained why the system could be a good compromise. Steven Cameron, pensions director at Aegon, previously put forward More...
Savers lose out as £43billion left in low-interest ISAs – top five accounts today | Personal Finance | Finance
Millions of Britons are potentially missing out on hundreds of pounds extra income a year because their cash ISA savings are in accounts paying 1.50 percent interest or less, according to new research. The analysis More...
DWP claimants warned to take action or they risk losing these benefit payments | Personal Finance | Finance
Half a million benefit claimants are being reminded to “take action” or risk losing Government support. This group are in receipt of support through the legacy Tax Credit regime and are due to be migrated More...
Lloyds Bank launches new pension pot to make saving for retirement ‘simple’ and ‘easy’ | Personal Finance | Finance
Lloyds Bank has launched a new digital pension product to help make saving for retirement “simpler”. Ready-Made Pension allows customers to consolidate up to 10 pension pots using the app or internet banking. A More...
HMRC pension tax warning as last-minute rule change branded ‘shambles’ | Personal Finance | Finance
HMRC has been slammed with complaints following last-minute alterations to its new pension tax system, which has replaced the Lifetime Allowance with a lower limit on lump sum payments. The tax authority advised More...
Pensioner tax blitz begins – here’s how HMRC is targeting your income now | Personal Finance | Finance
Roughly three quarters of the nation’s 12.5million pensioners will pay income tax this year, of whom 650,000 may be doing so for the first time since they retired. They need to prepare for what’s More...
Savers warned about ‘disastrous consequences’ of making simple pension mistake | Personal Finance | Finance
Savers warned about ‘disastrous consequences’ of accessing pensions early (Image: Getty) Savers are being urged to “stop and think” before accessing their pension pot ahead of “peak withdrawals More...
