All Budget articles
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NewsRaising auto-enrolment contributions ‘could bankrupt businesses’
With auto-enrolment contributions one of many things the Pensions Commission is considering, new research indicates that many businesses are not in sufficient shape to cope with higher payments.
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FeaturesThree years since ‘mini-Budget’: Healthier schemes but more challenges ahead
Three years on from the drama of the so-called ‘mini-Budget’, Pensions Expert looks back on events and what has changed – as well as looking to where the next big challenges could come from.
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NewsPre-Budget rumours spark record lump sum withdrawals, data shows
UK pension savers withdrew a record £10.4bn from their pensions using their tax-free cash allowance in the six months to the end of March, according to Financial Conduct Authority data.
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NewsTorsten Bell given key role in build-up to Budget, reports say
Pensions minister Torsten Bell has been given a leading role in advising chancellor Rachel Reeves on the next Budget, according to reports.
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In DepthIn Depth: Rachel Reeves faces difficult Budget balancing act
Experts warn the government may be weighing up reforms to pensions taxation, with each option carrying major implications for savers and the Treasury alike. Sara Benwell reports on the various rumours and how they might be received.
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NewsSPP labels inheritance tax payment proposals ‘very problematic’
Requiring pension scheme administrators and trustees to take responsibility for inheritance tax payments could cause problems, according to the SPP - and there are viable alternatives.
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FeaturesBudget 2024: Time to reconsider salary sacrifice?
With chancellor Rachel Reeves announcing plans for UK businesses to foot the bill for a £40bn tax increase – primarily through national insurance contributions – attention has turned to where companies can offset this cost.
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NewsBudget 2024: Bond managers downplay gilt market volatility
Fixed income experts comment on the outlook for gilts after the chancellor set out plans to increase borrowing by approximately £20bn a year compared to previous expectations.
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NewsBudget 2024: Industry welcomes boost for UK investment
Investors have praised the government’s promised boost to UK investment but urged it to focus on creating opportunities, following this week’s Budget announcements.
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NewsMineworkers to receive 32% pension bonus
Members of the Mineworkers’ Pension Scheme will receive a bonus payment of almost a third of their regular pension income after the government confirmed it will transfer a reserve fund’s assets to the trustees.
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NewsBudget 2024: Reeves raises employer national insurance
Changes also include higher employment allowance and the inclusion of inherited pensions in the inheritance tax system.
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NewsBudget 2024: National insurance hike ‘terrible news’ for pension adequacy efforts
Former pensions minister Steve Webb argues that higher costs for employers will make it harder to increase pension contributions later.
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NewsPLSA Conference: Delegates support national insurance changes
National insurance should be applied to employer pension contributions if the chancellor is looking to pensions to help plug the economic black hole, according to a poll of delegates at the Pensions and Lifetime Savings Association’s Annual Conference.
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NewsDC schemes ‘must brace for Budget impact’, warns Hymans
Trustees and managers of defined contribution schemes should prepare to act quickly if there are tax changes in this month’s Budget, according to Hymans Robertson.
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NewsRelief at last: Govt 'backs down' on pension tax changes
The government has reportedly shelved plans to overhaul the system of tax relief on pension contributions given the impact on public sector workers.
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NewsMid-life MOT: DWP's online pensions and savings resource goes live
The Department for Work and Pensions has launched its online midlife MOT.
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NewsLDI use 'must never be allowed to jeopardise UK economy again'
LDI crisis must never happen again, says damning Work and Pensions Committee report
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NewsUK bond yields continue to surge after chancellor’s ‘mini-Budget’
On the go: The value of UK Treasuries has fallen sharply after the fiscal statement on September 23, which announced a raft of unfunded tax cuts for businesses and high earners as well as homebuyers.
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NewsWhat the Spring Statement means for pensions
The biggest rabbit to emerge from chancellor Rishi Sunak’s hat at this year’s Spring Statement was arguably his commitment to lowering the basic income tax rate from 20 per cent to 19 per cent from April 2024.
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NewsGovt to consult on McCloud tax legislation this summer
On the go: The government has committed to provide tax-free compensation to members who choose reformed scheme as opposed to legacy scheme benefits under the McCloud remedy, and will consult on the necessary legislation in the summer.