National insurance increase may drive employers to salary sacrifice pensions – Evelyn Partners
Chancellor Rachel Reeves is expected to raise the National Insurance Contribution rate for employers by 1% to 2% in the Budget tomorrow.
Stormont party leaders pledge opposition to winter fuel payment cuts
Party leaders called on the UK Government to reverse its plans to means test the winter fuel payment.
38% of pre-retired DB members lack retirement planning confidence – Just Group
Around 20% of those who had started planning were prompted by communication from their scheme provider.
Pension uncertainty turns spotlight on capital drawdown – Key Later Life Finance
The firm urged savers and advisers to embrace the broader philosophy of capital drawdown, focusing on all assets and particularly property wealth.
HMRC repays £44.3m in overpaid pension tax during Q3, experts call for reform
This issue has persisted since pension flexibilities were introduced.
‘Lost’ pots could mean £13,303 in unclaimed pensions for Brits – Moneyfarm
New research from Moneyfarm has found that 29% of the nation have no idea how many pension pots they have.
Action on lost pension pots needed with £31.1bn going astray, research reveals
This is an increase from 2.8 million pots valued at around £26bn two years ago.
Standard Life urges action to prevent poor retirement outcomes
Though there is a market for financial advice, the firm argued that it currently serves only a wealthy subset of the population.
Advisers face surge in pension queries as clients anticipate Budget changes – AJ Bell
AJ Bell found that almost all advisers reported clients approaching them with questions about potential changes.
Income Tax threshold freeze could be burden for pensioners – Quilter
Quilter commented on the rumours that Rachel Reeves may extend the income tax threshold freeze to 2030, and its impact on pensioners.
Loss of NIC pension relief could cost employers nearly £500 per worker
The removal of NIC pension relief could be a hit to employers, particularly those contributing more than the minimum.
State Pension Shortfall Day arrives for pensioners with minimum standard of living
Today marks State Pension Shortfall Day – the point in 2024 when a single pensioner on the ‘minimum’ of the PLSA Retirement Living Standards would have exhausted the full new State Pension and be reliant on private pension income or other savings to bridge the gap.
