The Institute of Chartered Accountants in England and Wales (ICAEW) has raised concerns over proposals to alter the level of tax relief on pensions contributions for low-earners, arguing that any…
Pension flexibilities afforded to employers throughout the coronavirus pandemic will be removed from 01 January 2021, it has been revealed.
Employers should continue to enrol, re-enrol and contribute towards workers’ pensions whether they are furloughed or not, The Pensions Regulator (TPR) has confirmed.
The Government has announced that it will cover employer National Insurance Contributions (NICs) and pension contributions of furloughed workers.
An increasing number of people saving for retirement have been hit by tax charges for exceeding the amount they are allowed to put away tax-free.
Preparing for life after work has become one of the most important considerations for workers as they bid to secure their financial future.
HM Revenue and Customs (HMRC) has recently withdrawn an appeal in a key court case over a 55 per cent charge it wanted to levy.
According to the latest research from the Post Office, just under half (46 per cent) of workers have never checked their personal tax accounts.