on average, earn less than men, consequently limiting the amount they can save towards a pension. Moreover, women often have differing work patterns throughout their lives as compared to men, frequently due to childcare responsibilities.”
Defined Benefit (DB) – a pension plan in which the primary pension benefit payable to a member is based on a defined formula, frequently linked to salary. The sponsor bears the risk that the value of the investments held under the plan fall short of the amount needed to meet the ...
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Annuities have become much more attractive as pension annuity rates have gone up. That rise means that UK pension savers will get higher guaranteed income than if they bought an annuity a year ago. Though of course other factors, like your age and the size of your pension pot, will also a...
advice is being given: If a recommendation is put forward in such a way that a reasonable observer would view it as being based on a consideration of a client’s circumstances or presented as suitable, then — subject to the other four tests being met — this will amount to investment...
Transfers from registered pension schemes to qualifying recognised overseas pension schemes - which can currently be made completely free of UK tax provided certain conditions are satisfied, irrespective of the amount transferred - will also in future be subject to the 25 percent overseas transfer charg...
It is possible to be resident in the UK and another country at the same time, which amounts to “dual residence”. In many cases there will be adouble tax treatybetween the two countries of residence which should ensure that you generally don't pay full tax twice on the same income or...
Many readers have written in to ask why there are two different amounts. For example... I'm 75 and my state pension is £30 per week less than the new state pension, that's £1,500 per year less than the new pension. Why is this?
Of those who receive benefits, the top three benefits are flexi-time (23%), annual salary increment (19%), and a company pension that is higher than the required amount (18%). When looking for a new job, 43% would find an annual salary increment to be one of the most attractive ben...
Business investment is lower here than in any other G7 country (and has been for some time), sterling is perennially weak, and the average defined benefit pension fund allocation to UK equities has fallen from over 50% in the 1990s to less than 2% in 2022. Furthermore, global fund ...