Pension triple-lock abandoned for one year
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The government has confirmed that its triple-lock guarantee on pensions is to be abandoned for one year. The guarantee was first introduced in...
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Covering pension contributions with unused allowances
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The annual allowance for tax relief on pensions is currently set at £40,000. The annual allowance is further reduced for high earners. This means...
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What is net income for pension relief purposes?
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The lifetime allowance is the maximum amount of pension and/or lump sum that benefits from tax relief. The lifetime allowance is currently set at...
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Tax on an inherited private pension
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Private pensions can be an efficient way to pass on wealth, but it is important to consider what, if any, tax will be payable on an inherited...
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The private pensions’ annual allowance
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The annual allowance for tax relief on pensions has been fixed at £40,000 since 6 April 2014. The annual allowance is further reduced for high...
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