Pension nomination forms: why they matter more from 2027
Most people filled in a pension nomination form years ago and have not looked at it since. Until now, that has often not mattered much for tax. From April 2027 it matters a lot more. What is changing? For deaths on or after 6 April 2027, most unused pension funds and pension death benefits will […]
Spending order after 2027: should you use your pension first?
For years the usual spending order in retirement was simple. Spend your cash, savings and ISAs first, and leave your pension until last. The reason was inheritance tax. Unused pension money normally sat outside your estate, so it could pass to your family free of inheritance tax. That changes on 6 April 2027. For deaths […]
Your pension and inheritance tax: what changes in April 2027
For years, a pension was one of the best things to leave behind. Most pension funds sat outside your estate, so nobody paid inheritance tax on them. From 6 April 2027 that changes. Most unused pension funds and pension death benefits will count as part of your estate for inheritance tax. What is changing Any […]
Are You Caught in the 66% Tax Trap? A Guide for High Earners
For many successful professionals in the UK, reaching an income of over £100,000 feels like a major milestone. However, what many don’t realise is that it also marks the entry into one of the most punishing and confusing parts of the UK tax system—the “66% tax trap.” This isn’t just a financial quirk; it’s a […]
Fragmented Pensions? Confusing Tax? A Clearer Financial Future Starts Here.
For many successful professionals, financial success hasn’t led to simplicity; instead, it often creates complexity. Juggling several pensions from past employers, feeling overwhelmed by paperwork, and worrying about tax inefficiencies are common frustrations. However, you are not looking for more complexity. You are seeking an expert-led strategy that provides a sense of control and peace […]
The state of social care: 27 years of promises
How to fund social care has once more moved into the political spotlight It is the turn of the year. The health secretary of the relatively new Labour government announces a commission to review the financing for long-term care of the elderly.
Capital gains tax: a minority sport?
Will increased capital gains tax (CGT) mean less tax gets paid?
The taxing cost of pensions
HMRC has updated its estimates for the cost of pension tax relief. Rachel Reeves will have taken note ahead of her first Budget on 30 October
A pre-Halloween scare? Looking ahead to the Autumn Budget
Rachel Reeves’s first Budget will be on Wednesday 30 October “I have to tell the House [the] Budget will involve taking difficult decisions to meet our fiscal rules across spending, welfare and tax.”
Time for increased auto-enrolment contributions?
Promised adjustments to pension law are missing a key element: increasing minimum contribution levels. The first King’s Speech of the new parliament in July contained proposals for 40 new bills, covering everything from football governance to cyber security. One familiar item on the list was a Pension Schemes Bill. The government’s briefing notes explained that […]
