Supreme Court ruling
Openwork survey of advisers
Cost £38bn in 2018/19
2.6 million claiming work-related benefits
The Coronavirus Job Retention Scheme
£38.4bn total pension tax relief
The government is set to review an anomaly which sees lower-paid workers in the majority of master trusts lose out on tax relief, it has confirmed.
£10m up from Q2
Just under 200,000 people accessed their retirement savings using pension freedom in the third quarter of the year, HM Revenue & Customs figures have revealed.
Legal & General has become the latest provider to report a marked increase in the number of transfer requests to suspected pension liberation schemes.
Four platforms are to allow advisers to automatically calculate tax liabilities for clients, following HM Revenue and Customs' decision to tax rebates paid by fund managers.
Almost three million pensioners and low-paid workers have paid too much tax on their savings, research suggests.
Insurers handed over £2.4bn in insurance premium tax in the year 2010/11, a rise of more than 6% on the previous year (£2.253bn), government figures reveal.
Bereavement is bad enough without money troubles. Rachel Clarke explains the complexities of using whole of life policies