Pension Contributions, Tax-Free Lump Sum, and New Inheritance Tax Rules The Chancellor’s budget left pension tax rules largely untouched. Individuals can still withdraw 25% of their pension as a tax-free…
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The current State Pension is £11,502 and is due to rise to around £12,000 a year for 2025/26. Given that it would cost over £300,000 to secure an index-linked annuity…
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Under current pension rules, many pension funds allow members to withdraw up to 25% of their pension savings tax-free. However, the Finance Act 2023 capped this tax-free amount at £268,275,…
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The State Opening of Parliament took place on 17 July and the King’s Speech set out the measures that the government intends to introduce during the next session of parliament.…
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Every small business starts as a seed, full of potential but needing careful nurturing to flourish. Growing your business requires a strategic approach, but it doesn't have to be overwhelming.…
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If you are considering lending money to, or subscribing for shares in, an unquoted trading company then, like many investments, there is always a risk that you may lose your…
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Under the current rules, the government adds to your pension contributions at the 20% basic rate. For instance, if you save £4,000 in a personal pension, the government tops this…
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Those aged between 18 and 40 can set up a Lifetime ISA (Individual Savings Account) to buy their first home or save for later life. You can put in up…
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