In the 2015 Summer Budget, the government announced yet another reduction to the tax relief available on pension savings, this time targeting individuals earning more than £150,000 per year. Proposed changes to the Lifetime Allowance, announced in the March Budget, were also confirmed.
With a generous pension contribution structure in place, employee engagement is the next challenge. Oliver Porter, pensions and benefits manager at Clarksons, outlines how it plans to keep pensions relevant in this article taken from REBA’s Financial Wellbeing Research 2025.
More than 300 reward and benefits directors have voiced concerns about the consequences of capping pensions salary sacrifice to £2,000 ahead of Wednesday’s Budget.
ISA reforms could be on the cards in this week’s autumn Budget, but Steve Watson, director of policy & research at NatWest Cushon argues that there’s a better, simpler way to get Britain investing.
