Pensioners paying the price of freeze
Frozen income tax thresholds are having a growing impact on UK pensioners, dragging millions into the tax system through “fiscal drag”. Although tax rates themselves have not risen, the personal […]
HMRC: Understanding tax in retirement
No one wants to spend their retirement worrying about tax — but understanding how it works can make a real difference to your finances. Whether you’ve recently retired or are […]
Pensioners deserve better than a tax hike
Chancellor Rachel Reeves has been warned not to target older people as she seeks to balance the nation’s books. Later Life Ambitions (LLA), which represents 250,000 older people across the […]
CSPA gets support from Pensioners Convention to raise tax thresholds
Almost a million pensioners will discover this week that their 8.5% increase in the State Pension, payable from 8 April, will push their pension over the basic income tax threshold […]
Spring is in the air as pensions rise… and tax is taken
As March finally arrives after the long, grey, cold winter, we start to see the first signs of spring, with lighter evenings, green shoots and a feeling of renewed optimism […]
Budget 2024: 2% Cut in National Insurance…but tax on pensions will rise in April
The Chancellor delivered his Spring Budget today announcing that National Insurance contributions will reduce by a further 2% for those in work, whilst the tax burden on pensioners will actually […]
Free webinar: Inheritance tax planning
We keep our eye peeled for news, events and articles that could be interesting and helpful for our members. We came across this webinar being run by Quilter Financial Advisers, […]