Tapered allowance threshold set to rise

Speculation is mounting that Chancellor Rishi Sunak has a solution up his sleeve to fix the doctors' pensions row in this week's Spring Budget. Savers can pay up to £40,000 a year into their pension, with savings that breach this threshold taxed at an individual's...

Workplace pension participation levels hits new high

Record volumes of eligible employees saved into a workplace pension last year, according to the Office for National Statistics (ONS). Workers who are aged between 22 and state pension age, and earning more than £10,000 a year are eligible for a workplace pension...

‘Steady decline’ in self-employed savers

The number of self-employed people actively saving into a pension has decreased steadily over the last decade, according to the Department for Work and Pensions (DWP). The annual automatic enrolment report, published yesterday, found that the number of self-employed...

Families miss out on £2,000 in tax-free childcare

More than a million parents in the UK are missing out on £2,000 a year by not claiming tax-free childcare. HMRC statistics found that around 172,000 families are claiming the Government support, up from 125,000 year-on-year. As 1.3m parents are eligible for the...

‘Most workers are unsure of pension pot value’

Most employees do not know the current size of their pension pots, according to research. Opinium polled 983 workers on behalf of the Pension and Lifetime Savings Association (PLSA) and found 54% did not keep track of their savings. Knowledge levels among workers...