Over two million workers to earn over £100,000 in 2026/27 – Rathbones
The data highlighted that around 6% of the UK’s 34 million workforce will be earning above £100,000 next year.
Income tax U-turn puts pressure on alternative tax measures ahead of Budget – Rathbones
Reports that the Chancellor will drop plans for an income tax rise have raised fresh questions about where the Government will find fiscal headroom in the upcoming Autumn Budget.
Probate delays forcing charities to sell assets and cut services, warns Rathbones
New research by Rathbones reveals that 87% of UK charities are being negatively impacted by ongoing probate delays, forcing many to sell property, reduce staff, or scale back essential services.
SMEs cut costs and freeze hiring ahead of Budget – Rathbones
40% of SMEs have made or considered changes ahead of the Budget, with 32% already cutting costs or restructuring and 31% delaying hiring.
Pension tax relief cuts risk £50bn drop in retirement savings – Rathbones
The group found pension inflows in the UK could drop by more than £50bn over five years if relief is cut from 40% to 25%.
Early pension lump sum withdrawals rise as potential tax changes spark regrets – Rathbones
The firm’s research found a surge in lump sum withdrawals as speculation increased that Chancellor Rachel Reeves may cut the 25% tax-free allowance.
Gen Z may need over £3m for a comfortable retirement, Rathbones warns
Based on Pensions and Lifetime Savings Association (PLSA) standards for a “comfortable” lifestyle, Rathbones calculated that a single 25-year-old would need £3.1m by age 65 to fund 25 years of retirement.
Early 50s workers face losing nearly £18,000 if state pension age rises sooner – Rathbones
If the change is brought forward so people have to wait until 68 between 2039 and 2041, workers aged 51, 52 and 53 could lose a year’s worth of state pension.
