All Budget articles – Page 2
-
PodcastsAlways A Pensions Angle: Rumours, reversals, and a really big Budget
The rumour mill is well and truly in overdrive ahead of Wednesday’s Budget speech, and has been for some time. In the inaugural episode of our new podcast, Always A Pensions Angle, Tom Parker and Nick Reeve dig into the thorny issues of salary sacrifice, tax-free cash, and the political backdrop to it all.
-
In DepthIn Depth: The last-ditch campaign to save salary sacrifice
The pensions industry has rallied in a last-ditch attempt to dissuade the government from changing salary sacrifice rules, just days ahead of the Budget.
-
OpinionPensions and the Budget: When no news is good news
As speculation mounts, savers and pension funds nervously await the 26 November Budget with the mantra, “no news is good news”, writes IGG’s Lou Davey.
-
OpinionThe Friday Takeaway: Last stand before landmark Budget
It seems everyone is talking about the Budget. Nick Reeve looks at what might change, and why the biggest rumour would probably be bad news if it turns out to be true.
-
NewsSalary sacrifice changes ‘could put millions of retirements at risk’
The Association of British Insurers has added its voice to opponents of potential changes to salary sacrifice rules, ahead of the Budget speech later this month.
-
NewsBusiness leaders call for DC defaults to be forced to buy UK
More than 250 UK company bosses have co-signed a letter to chancellor Rachel Reeves calling for UK defined contribution (DC) default funds to be forced to allocate 25% of all asset classes to the UK.
-
NewsScrapping salary sacrifice could cut take-home pay for staff, SPP warns
The Society of Pension Professionals has warned against making changes to salary sacrifice rules amid mounting speculation that Rachel Reeves could explore such a move in her Budget this month.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
NewsBudget 2024: Reeves raises employer national insurance
Changes also include higher employment allowance and the inclusion of inherited pensions in the inheritance tax system.
-
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.
-
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.
-
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.