Low earners in net-pay schemes will lose out on more pensions tax relief as the gap between auto-enrolment (AE) qualifying earnings and the personal tax allowance widens.
Under plans announced by the Department for Work and Pensions (DWP) today (4 December), the lower earnings limit for AE is set to rise by £104 per year to £6,136 from April next year. Pensions and financial...
Lane Clark & Peacock partner Steve Webb has called on the treasury to relax rules which could act as a barrier to people aiming to rebuild their pension pots when the Covid-19 crisis is over.
Market volatility means inaccurate CETVs
Nearly £1m lost already
Break in contributions not ruled out
Adds £60m of assets
Up to £2,500 a month