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Pensions update – all you need to know

by | Mar 5, 2021 | ACCA, budget, pensions

Updates to annual, lifetime and tapered annual allowances and more.   Why make a pension contribution? When you save into a pension, the government usually gives you a top-up as a way of encouraging you to save for your future. If certain conditions are satisfied, tax...

Pension drawdown – allowances

by | Jul 12, 2019 | ACCA, pension reform, pensions

The MPAA in summary.  Where taxpayers have accessed a pension, the amount they can pay into a pension and still get tax relief is the Money Purchase Annual Allowance (or MPAA) which for the tax year 2019-20 is £4,000. Where it’s exceeded it should be entered on the SA...

Law breaking employers targeted

by | Jun 27, 2019 | ACCA, pension reform, pensions

The Pensions Regulator launches new campaign. In the coming weeks, The Pensions Regulator (TPR) will be targeting its new wave of compliance checks at employers across the UK who are suspected to be non-compliant with their automatic enrolment duties. Employers are...