The government has confirmed the pre-election policies in its 2017 Finance Bill that were due to take effect from April this year, including the cut to the money purchase annual allowance (MPAA), will apply as intended.
This means savers who have accessed their pension from age 55 will see the annual tax-free allowance cut from £10,000 to £4,000 for the 2017/18 tax year. The confirmation came in the form of the Finance...
For a long time, the road to retirement followed a familiar path. Individuals saved up for a pension during their working life in order to retire at a set age; usually around 65. This path has shifted, however.
Only one in ten opt for an annuity
Scheme pays or not scheme pays?
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
Supported over Christmas
Plus online scams