Government plans to review tax on high earners could hit many on salaries lower than the £130,000 target group. Those who receive a performance-related bonus, for instance, could be subject to hefty tax recovery charges.
Posts Tagged ‘Pensions’
High earners tax may miss target
Thursday, March 11th, 2010Pension Schemes still best savings option – NAPF
Wednesday, March 10th, 2010
Pension schemes have come out tops with the majority of workers as being far ahead of other forms of saving. In a new survey, pensions came first with 44% of respondents, far ahead of property (18%) and well ahead of any other form of saving. Over three quarters of workers (77%) said they would regard a workplace or occupational pension as a significant plus point, when looking at any prospective employer.
Constant pension reviews needed to protect income
Tuesday, March 9th, 2010
Maximising the performance of your pension savings requires regular reviews and quality independent pensions advice. By constantly reassessing your pension investments, a good adviser can add thousands to your annual income in retirement. New figures from Aon Consulting use 3 scenarios to show the savings that are possible.
Pensions rush as minimum age rises
Monday, March 8th, 2010The minimum age for taking company pensions and personal pensions rises from 50 to 55 on April 6th. Numbers of those retiring were up by over 20% in January, as many rush to retire before the deadline.
Buy your pensions annuity before 2012
Thursday, February 25th, 2010New legislation from Brussels is likely to slash pensions annuity rates by up to 30% from 2012. Retirees should contact their financial adviser now, and hurry to buy their pensions annuity while rates are still high.
Most UK companies need pension advice
Wednesday, February 24th, 2010
Over 90% of UK companies plan to seek pension advice as the NEST government pension scheme is rolled out. By setting up a NEST-exempt company pension scheme, employers can tighten control of their pension contributions, benefits and costs.
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