Tag: pensions
Pensions of high earners earmarked for £4bn savings
Government cuts high earners’ tax free income that can be paid into a pension to just £50,000 The government has slashed the amount of tax-free income that high earners can put into a pension by 80%, from £255,000 to just £50,000, it was announced today by Mark Hoban, financial secretary to the Treasury. He said [...]
Public sector pensions embargo delays divorcing couples
Government moves to link public sector pensions to the CPI mean projected pension values cannot be calculated Thousands of public sector workers are being denied information about the value of their pensions by the government while it implements changes laid out in the recent budget. The problem will primarily affect workers who are in the [...]
The UK Economy Today
There are around two million people who are still paying into final salary – or defined benefit – schemes, despite wide-spread closure of these schemes to new entrants in recent years. But, while only 9pc of defined benefit schemes have so far closed to existing members, according to the research, around half expect to have [...]
