Total tax collected from exceeding the pension Lifetime Allowance is set to reach almost £1.5 billion annually
Successive cuts to the Lifetime Allowance (LTA) and a freeze means that more people than ever could face an unexpected tax bill when they access their pension. The LTA is the total amount a person can build up in pension benefits without incurring tax charges. Since it was introduced in the 2006/07 tax year, there
Two-thirds of retirees are planning a flexible retirement, but many don’t understand the potential tax implications
More retirees are planning to work in some way after they retire. While this flexibility can boost your income and help you strike a work-life balance that suits you, it can lead to some tax implications that you need to consider. According to a report from abrdn, just a third of people retiring in 2022
The top 10 sporting events coming to the UK in summer 2022
It’s fair to say that the UK is addicted to sport. After two years of events being affected by the Covid pandemic to some extent or another, there’s more of an excited air of anticipation than usual as we approach the summer. So, here’s a guide to 10 amazing sporting events you should put in
The useful guide to reaching your retirement goals
Getting the most out of retirement and reaching your goals requires planning. Not thinking about your post-work years until you reach that milestone can mean that a retirement that promised much, falls short. While you might daydream about giving up work, pinning down the details, from your lifestyle to your income, means you’re more likely
Guide: The useful guide to decluttering your home and life
Over time, you can pick up things that clutter your life and mean you aren’t living the lifestyle you want. It might be material items taking up space in your house, or even habits that mean you’re distracted from focusing on your important goals. Spring is often associated with giving your home a big clean,
