HM Revenue and Customs has released its latest pension annual allowance data
HMRC figures revealed the cost of pensions tax relief increased by more than £4bn in 2019/20
Quilter urges people who opted out of contributions during Covid to opt back in
Triple lock could see state pension grow by 8% after latest earnings data
Comes despite heavy reduction in IFRS profit tax for H1 2021 when compared with 2020
Quilter finds convictions have slumped to their lowest level since 2007
The impact of the tapered annual allowance is clear after a 27 percentage point increase in NHS staff who exceed the pension annual allowance electing voluntary scheme pays, Quilter says.
Legislation approved to boost internet safety has not answered numerous calls for the inclusion of economic harm and scams from the finance industry.
The industry has criticised the government’s planned increase of the normal minimum pension age (NMPA) ahead of the close of HM Treasury’s consultation on its confirmation tomorrow.
Quilter has called upon the government to take action to clamp down on the dramatic rise in investment scams over the past year by including these within the scope of the forthcoming Online Safety Bill.