Pensions - Saving Tool UK Blog (Page 8)

How to Navigate UK Pension Rules After the Lifetime Allowance Removal

Dec 8, 2024 3 min read Pensions

The UK government has abolished the Lifetime Allowance for pensions starting in the 2024/25 tax year, allowing individuals to save more without tax penalties while also necessitating careful retirement planning.

How to Use a SIPP to Build a Flexible UK Retirement Plan

Dec 8, 2024 3 min read Pensions

A Self-Invested Personal Pension (SIPP) provides UK individuals with greater control, tax advantages, and flexibility in retirement planning through diverse investment choices and withdrawal options.

Understanding Pension Annual Allowance Tapering

Dec 8, 2024 3 min read Pensions

This article explains the Pension Annual Allowance tapering for high earners, detailing its impact on contributions, tax relief, and strategies to optimize retirement savings despite reduced allowances.

How to Prepare for the End of the UK Tax Year

Dec 8, 2024 3 min read Tax

As the UK tax year ends on April 5, taxpayers should review their finances, maximise allowances, and prepare for tax filing to ensure a smooth transition into the new tax year.

How to Avoid the Most Common Pension Scams in the UK

Dec 8, 2024 3 min read Pensions

Pension scams are increasing in the UK, making it crucial for individuals to recognize red flags and implement protective measures to safeguard their retirement savings.