2015 Budget announcements - An overview of the 2015 Budget’s main pension proposals. Tax relief limits  The 2015 Budget announced that the Lifetime Allowance (the limit on how much you can save across all of your pension schemes before retiring without being charged tax) will be reduced from £1.25m to £1m from 2016.  In addition, from 2018, the Lifetime […]
Pension Wise service launches online - A guidance service called Pension Wise has been launched to help individuals with defined contribution (DC) funds understand the various choices available to them and how they work. The service is available at DC members are no longer be required to purchase a pension from an insurance company (known as an annuity) when they […]