The government estimates that pension tax changes will raise £1.46bn a year by 2029-30, but consultants at Lane Clark & Peacock, an actuarial adviser, estimate that revenue raised from UK-wide ...
The Congress of South African Trade Unions (COSATU) notes the release of Treasury’s two pot pension and savings reforms proposal (Revenue Laws Amendment Bill). The Federation welcomes the overall ...
With either option, it would mean that the remainder of your pension pot (which isn’t tax-free) would be taxed at the point you access the money, which may be after you have moved down a tax band.
A 65-year-old with a £100,000 pension pot can currently secure an annual income of up to £7,492 in retirement. Retirees can get this gaurenteed income for life through a single life level annuity with ...