HMRC pensions data showed pension withdrawals have risen 67 per cent since 2020 as 'cruel twist' shows soaring lifetime allowance and annual allowance charges in 2022. HMRC pension data has revealed ...

Navigating the world of pensions isn’t always easy, particularly because the tax rules associated with saving for retirement are complicated and have changed a lot over the years as governments have ...

The lifetime allowance of £1m may be an "unwanted beast", but it should not deter people from contributing to a pension, according to Tilney Bestinvest. Gary Smith, financial planner with Tilney, said ...

Changes to allowances will take effect in April – Aries Insight's Ian Neale explains what they mean and who will be affected. At different times from A-Day (April 6 2006), new forms of protection have ...

There are significant issues surrounding both the annual and lifetime allowances, particularly with regard to how these are applied to different types of pension schemes and the challenges this brings ...