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Tag: pension changes

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Helping employees avoid unexpected tax bills
News

Helping employees avoid unexpected tax bills

Many CEOs will be aware of the radical changes to pension schemes that come into force from 6th April 2016. However, under the new legislation other high earners in their organisation such as senior management and directors, could also be affected and could end up [..]


This April a pension storm is forecast
News

This April a pension storm is forecast

There have been some radical changes to pensions in recent years and in April 2016 further changes will be introduced by government that could leave high earners with unexpected tax bills of up to £13,500. From 6th April 2016, the annual allowance will be tapered [..]


Don’t be fooled out of a comfortable retirement
News

Don’t be fooled out of a comfortable retirement

On 6th April the Finance Act 2015 takes effect. It brings in legislation which may have a material impact on the pension plans of the nation’s highest earners, directors and senior management. Equally, it also poses a threat to the final pension value for some [..]


Fooled out of a comfortable retirement
News

Fooled out of a comfortable retirement

On 6th April the Finance Act 2015 takes effect. It brings in legislation which may have a material impact on the pension plans of the nation’s highest earners, directors and senior management. Equally, it also poses a threat to the final pension value for some [..]


Millions of savers face pension shock in Budget
News

Millions of savers face pension shock in Budget

Upcoming pension tax changes could reduce millions of people’s retirement savings by tens of thousands of pounds. Darren Laverty, Partner at Secondsight, says 'Taking into account an annual growth rate of 5 per cent, any individual with a fund currently worth [..]


Employees in the dark about pension changes
News

Employees in the dark about pension changes

Half of UK employers admit that their employees, both in defined benefit and defined contribution schemes have a limited understanding of the pension freedoms, or are still confused about what the changes mean to them. This figure comes as the industry approaches [..]


Top earners could be hit with unexpected tax
News

Top earners could be hit with unexpected tax

Radical changes to pension schemes being introduced by government from 6th April 2016 could leave high earners with unexpected and unwanted tax bills of up to £13,500 warns Secondsight. From 6th April 2016, the annual allowance will be tapered from £40,000 for [..]


Unintended consequences’ of pension changes
News

Unintended consequences’ of pension changes

Employers and employees need to be made aware of the full consequences of tapering and lifetime allowance changes, warns Darren Laverty, Partner at Secondsight. From 6 April 2016, the annual allowance will be tapered from £40,000 for those with earnings of [..]


High earners need to act now or risk tax bills
News

High earners need to act now or risk tax bills

More employees could be hard hit by both the intended and ‘unintended consequences’ of lifetime allowance and tapering changes unless they take action now, warns Darren Laverty, Partner at Secondsight. Radical changes to pension schemes being introduced by [..]


Risk of unexpected tax bill from new pension rules
News

Risk of unexpected tax bill from new pension rules

Radical changes to pension schemes being introduced by government from 6th April 2016 could leave high earners with unexpected and unwanted tax bills of up to £13,500 warns Secondsight. From 6th April 2016, the annual allowance will be tapered from £40,000 for [..]


Top earners could be hit with unexpected tax bills
News

Top earners could be hit with unexpected tax bills

Top earners could be hit with unexpected tax bills following new pension rules in April and more employees will hit lifetime allowance if they don't take action now Radical changes to pension schemes being introduced by government from 6thApril 2016 could leave [..]


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