Britain’s current economic realities hardly lift the spirits. And now many public pension scheme members face the disappointing prospect of lower pensions.Read
Common sense has prevailed and the possibility of being able to access pension benefits prior to age 55 has been “filed” accordingly. The short term benefits of allowing early access to pension pots were not seen to be strong enough to counter the longer term potential pitfalls.Read
The start of the tax year brought an increase in our personal allowances, an increase in our ISA limit and an increase in the basic state pension. But on the flip side it also brought an increase in the National Insurance rates we have to pay and a decrease in the threshold at which we have to start paying higher rate tax.Read
Changes to pension legislation from April 2011 are substantial. The reduction in allowable funding from £255,000 to £50,000 per annum will leave a gap for some – admittedly not the masses.Read
When George Osborne stood up in the House of Commons to deliver his second Budget last week, he wanted to make a strong, pro-business statement. In fact he went as far as to say he wanted to make the UK the “best place in Europe to start, finance and grow a business”.Read
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