The changes will disproportionately impact those being paid less than £50,270.
The changes will disproportionately impact those being paid less than £50,270.
Samantha Gould, head of campaigns at now:pensions, explores what changes need to be made to better support women and their pensions.
Advisers say Budget 'not as bad as feared’ - but frustration over endless tinkering dominates.
Former pensions minister Steve Webb says the proposals raise several questions of fairness.
Those whose sole income is the state pension may not have to pay income tax if their state pension exceeds the personal allowance.
Under the current rules, employees can put up to £60,000 a year into their pension through salary sacrifice.
The rise takes the annual benefit just £23 under the frozen personal allowance threshold and will drag more retirees into paying income tax next year.
Advisers can conduct analysis, generate reports and manage client data entirely within Xplan.
Less than 4% feel optimistic about the next six months.
Existing figures assume that the state pension ‘triple lock’ remains in place for the next fifty years.
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