Personal Finance News
You can save as much as you want into your pension subject to certain limits. One of these is the Lifetime Allowance (LTA) and exceeding it can cause tax charges. What is the lifetime allowance? If the value of your pension exceeds the LTA, you will pay a tax charge,...
IHT receipts for April to October 2020 were £33 million higher than for the same period last year. October 2020’s receipts were also up 17% compared to October 2019. This could be due to the Covid-19 pandemic. What it does show is that many families who have not done any planning may have paid tax they might not have needed to.
A report claimed thousands of older women have not received their full state pension entitlement. In a follow-up report, Lane Clark Peacock LLP (LCP) summarizes their findings since then. A vital message is to encourage a much wider group of women to check their state pension is correct.
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