Recent changes in pension legislation You may already be aware that the government has recently approved two key changes to pension rules. This has created an excellent opportunity for many to top up their pension savings, and take stock of what they’ve already got. Firstly, the Lifetime Allo...
The article provides information from a survey by SEI Global Institutional Group on the impact of the changes in pension plan rules on the trend in outsourcing of plan management. Forty-two percent of the U.S. and Canadian plan sponsors remain committed to their defined benefit plans. Eighty-...
Contribution cap2023/242024/25 Concessional contributions cap$27,500$30,000 Non-concessional contributions cap$110,000$120,000 Bring forward non-concessional cap$330,000 over 3 years$360,000 over 3 years The changes to superannuation rules above are all in effect today or legislated to begin in...
Social Security recipients will soon receive their biggest benefit hike since 1981, with the pension program set to deliver an 8.7% cost-of-living increase in 2023. The annual cost-of-living adjustment, or COLA, takes effect with the December benefits, but those payments will reach most recipie...
Taxe foncièrewill increase by around 3.9%, as opposed to 7.1% in 2023. The expected increase should be lower in 2024 due to the effect of inflation on the theoretical rental values used to calculate taxe foncière. When these values are lower, they have a moderating effect on the ta...
Since 1 January 2023, the Pension Fund and the Social Insurance Fund have been merged into one Pension and Social Insurance Fund of the Russian Federation. The abbreviated name of the Fund is the Social Fund of Russia. The Mandatory Health Insurance Fund retained its independence.Wh...
Execs boost wealth through advice perk: changes to pension tax rules and the need to boost the value of packages to aid recruitment and retention are some of the most important reasons for providing your top-level executives with access to an IFA.(Financial advice: executives)...
A particular example of this may be the presentation of pension security products Y. GR, HU, IE, and NL provided information on the number of insurance intermediaries only for the years 2019 and 2020. LT presented limited information for the years 2016–2019. This includes registered intermediari...
plus pension contributions, do not exceed £260,000, AA would not be tapered. In this case he could contribute up to £60,000 in 2023-24 without an AA tax charge.
Contribution cap 2023/24 2024/25 Concessional contributions cap $27,500 $30,000 Non-concessional contributions cap $110,000 $120,000 Bring forward non-concessional cap $330,000 over 3 years $360,000 over 3 years The changes to superannuation rules above are all in effect today or legislated...