Recent press reports suggest that anyone who takes income from their private pension has a better than 50/50 chance of HMRC taking too much tax from it. If you’re planning to draw any of your pension
savings, how can you avoid this trap?
Published 06.02.2024
The Taxman has made a U-turn and broken his promise over tax charges on pension funds. What steps should you take to avoid being hit by a 55% tax charge?
Published 22.06.2010
Pension companies are currently sending letters to many taxpayers saying that they have used some of their lifetime allowance (LTA). As the LTA has been abolished, why are the letters being sent and
why might they matter?
Published 17.04.2024
If you’re in a contracted-out personal or stakeholder pension scheme, the Taxman boosts your fund by rebating some of the NI you pay. This subsidy will stop from next April. What steps should you be
taking to compensate for this?
Published 18.10.2011
In April, the tax rates and rules changed in respect of money left in your pension fund when you die. This might leave your beneficiaries worse off. But could the new rules also offer a chance to
save tax?
Published 22.07.2011
As a rule of thumb, dividends are the most tax-efficient way to extract profit from your company. However, company and personal circumstances can change that. Are pension contributions worth
considering too?
Published 07.01.2021
Under the new pension rules, the maximum contribution on which you can claim tax relief is £50,000 in any one year. If you pay more than this, you’ll be hit with a special tax charge. But is paying
over the maximum all bad news?
Published 31.03.2011
You’ve asked a financial advisor about temporarily topping up your earnings from your pension savings. He says there are two methods to do this. What are they and which of them is more tax efficient?
Published 03.11.2021
You’ve reached the age when you can access your pension savings. Your financial advisor has explained the options available to you, but how much tax will you have to pay on each one?
Published 14.11.2022