HMRC publishes pension schemes newsletter
[ad_1] HMRC has provided an update on the abolition of the lifetime allowance, as well as information on relief at source and pensions for retained firefighters. HMRC has published the Pension schemes newsletter 155. It provides an update on a range of issues, including the abolition of the lifetime allowance (LTA) and how the pension […]
Guidance for pension protection post 6 April 2023
[ad_1] HMRC has published guidance regarding how to safeguard pension protection, following the pension changes announced at Spring Budget 2023. Care should be taken as the rules differ depending on the date the LTA protection application was received by HMRC. At Spring Budget 2023, Chancellor Jeremy Hunt announced that from 6 April 2023 the pension […]
Change to state pension top-ups comes into force from April – should you boost your contributions?
[ad_1] A rule that allows people to fill historic gaps in their National Insurance contributions record to boost their state pension is set to change from 6 April 2023. You need at least 10 qualifying years of contributions (NICs) in your National Insurance record to receive any state pension, and 35 years to get the […]
6 things pension savers need to know before filing their 2021-22 tax return
[ad_1] Some pension savers could be missing out on pension tax relief by not filling out a tax return – but there’s still time to submit. There are other reasons you may need to file a self-assessment tax return, such as if you breach your annual allowance on your pension. With the 31 January deadline […]