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pensions

When will you be able to claim your state pension?

There have been a number of things driving the increases in the pension age over the last few years, and women have been particularly affected by this as their state pension age has increased from 60 to 66 in that time.  For men the increase has been less extreme, with the age increasing by only one year from 65 to 66.

Make hay while higher rate relief is available

For many years Chancellors have threatened to reduce the Income Tax relief that can be claimed for payments into a private pension scheme.

The new tax year is here: did you use up all your allowances?

With the new tax year now upon us, any allowances that you used up in full during 2018/19 have been reset and you can now begin using them again.    

Plan your money 2019

2019 is set to be a year of changes for finances, with everything from council tax, state pension payments and inheritance tax set to change. Find out about the changes below and how your finances could be affected.

Plan your money 2019

2019 is set to be a year of changes for finances, with everything from council tax, state pension payments and inheritance tax set to change. Find out about the changes below and how your finances could be affected.

Pension contributions set to rise

From 6th April 2019, the total minimum amount being paid into the workplace pension both by the employer and the employee will increase from 5% to 8 % of qualifying earnings due to a change in workplace pension regulations.  (This is based on a qualifying earnings scheme.) 

Pensions Costs

The recently announced proposed increase in Teachers’ Pensions Scheme (TPS) employer contributions from 1 September 2019, has shocked the academy sector. Treasury indications predict a rise to 23.6% - an increase of over 40%. Most schools were expecting a 2% to 3%.  

Pensions Costs

The recently announced proposed increase in Teachers’ Pensions Scheme (TPS) employer contributions from 1 September 2019, has shocked the academy sector. Treasury indications predict a rise to 23.6% - an increase of over 40%. Most schools were expecting a 2% to 3%.  

Pension investment decisions face further disclosures

From next year, trustees could face additional disclosure requirements on how environmental, social and governance (ESG) issues are taken into account when making investment decisions.

Looking ahead to your future?

Are you looking ahead to your future? Perhaps, you have parents or relatives who may require care assistance?

Looking ahead to your future?

Are you looking ahead to your future? Perhaps, you have parents or relatives who may require care assistance?

Minimum pension contributions are increasing

By law, the minimum amounts paid into automatic enrolment pension schemes are increasing.  Employers need to take action now to check whether and how they are affected.

The buy-to-let property market

The buy-to-let market has been dominated by investors seeking a property pension, according to new research.

The buy-to-let property market

The buy-to-let market has been dominated by investors seeking a property pension, according to new research.

Workplace pensions: the risks of unregulated master trusts

With over 6million people now saving for their pension, the Work and Pensions Select Committee have hailed auto enrolment as a ‘tremendous success’. However their report also says gaps in pension regulation have allowed potentially unstable master trusts onto the market. Therefore the question is:

Workplace pensions: the risks of unregulated master trusts

With over 6million people now saving for their pension, the Work and Pensions Select Committee have hailed auto enrolment as a ‘tremendous success’. However their report also says gaps in pension regulation have allowed potentially unstable master trusts onto the market. Therefore the question is: