Frozen tax thresholds are catching out pensioners – Here’s how to plan around them
A quiet but significant shift has taken place in how pensioners are taxed. In the 2021/22 tax year, only 494,000 pensioners paid income tax at 40 per cent or above.
Pensions
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Pension pot withdrawals rise by 60 per cent as people fear an Inheritance Tax bill
In the last 12 months, there has been a 60 per cent rise in pension pot withdrawals. In total, over £18 billion in cash sums have been withdrawn by concerned…
Don’t miss out – Top up your pension pot and secure your pension tax relief before 5 April 2025
As the 2024/25 tax year draws to a close, you should act now if you plan to make personal pension contributions and want to benefit from the associated tax reliefs.
Act quickly to increase your State Pension before the upcoming deadline
The clock is ticking for those looking to enhance their State Pension benefits, with a crucial deadline looming on 5 April 2025.
Are your pension contributions tax-efficient?
Pension contributions can be an excellent way to reduce your tax obligations.
Plan your retirement – paying tax on your pension
When it comes to retirement, we all want things to run smoothly.