Pension

Government confirms state pension rate for 2022 to 2023

The Department for Work and Pensions (DWP) has confirmed that the state pension will rise by 3.1% next April, in line with the consumer...

Will the pensions triple lock be scrapped for good?

Proposals made in the House of Lords to retain the state pension triple lock were rejected by the House of Commons on 15 November 2021....

Pension age protection window closed

Changes to the normal minimum pension age (NMPA) are set to come into effect from 2028. The Treasury has closed the opportunity for...

Budget confirms one-year delay to basis period reform

A Budget policy paper confirms that the switch from currently a basis to the tax year basis will happen for all self-employed individuals...

Autumn Budget 2021 - Early indications, announcements and more.

Rishi Sunak will deliver his budget and spending review to the Commons this Wednesday and the Chancellor has already announced a series...

Salary sacrifice 'may mitigate the NICs rise'

Salary sacrifice arrangements could help lessen employees’ additional tax bills from the rise in National Insurance contributions (NICs)...

State pension 'triple lock' to be suspended for a year.

The triple lock on the state pension will be temporarily suspended next year due to an anticipated “unusual change in earnings” of 8%,...

PM announces 1.25% National Insurance hike

National Insurance contributions will rise by 1.25% to pay for the social care system in England, with the levy expected to raise about...

Self Employment Income Support Scheme: Fifth grant turnover test

Unlike the previous four grants, the fifth grant will be worth different percentages of average trading profits depending on the...

Pension statements to simplify in Government overhaul

The Government is to introduce simpler, two-page pension statements to make it easier for savers to understand how their saving for...

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