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...
Kim is currently employed at an annual salary of £200,000. Kim will continue to earn the same salary until she retires on 5 April 2024, at which point her income will reduce to annual pension income of £55,000. Kim has the opportunity to undertake £40,000 of work on a freelan...
The pension LTA is a limit on the amount of money an individual can save across their pension arrangements during their lifetime without incurring additional tax charges. The government announced that from 6 April 2023 the lifetime allowance charge would be removed but the tax free Pension ...
FYI – I provided a bank statement with my address in English as proof of my address whilst in Thailand. I redacted (blacked out) the details of the account number and amounts of deposits/debits on the copy. The redacted copy was accepted, and the original was returned. A few minutes ...
In that month, prices were rising by 11.1 percent and did not fall below double figures until April 2023. This fall was largely due to slower price increases in key sectors such as energy, which drove a significant amount of the 2022 wave of inflation. Inflation nevertheless remains elevated,...
26.08.2024 / 20:46 41% 956 State Pension payments of up to £925 each month will not be due for nearly half a million people next year The annual State Pension uprating next April looks set to be determined by the earnings growth measure of the Triple Lock after new figures were publ...
Firstly, the Lifetime Allowance (LTA) tax charge has now been removed, as of 6 April 2024. Previously, anyone withdrawing benefits from their pension fund above the LTA of £1,073,100 (or the applicable fixed protection amount) was subject to a tax charge. This could be either 55% or...
If you are applying on or after 11 April 2024 then you must be able to show earnings of £29,000. However, if you initially applied before this date then you need to continue with the earnings of £18600. If you had or have children the amount increases according to the number of...
If you are applying on or after 11 April 2024 then you must be able to provide evidence of minimum income requirement of £29,000. However, if you initially applied before this date then you need to continue with the earnings of £18600. If you had or have children the amount increas...
Sorry, but it’s time to start caring about Local Government Pension Schemes And we have the charts to prove it July 31 2024 UK housebuilding Ministers push for more housing in northern England and Tory shires Councils will not be able to reject developments on grounds of being ‘out of ch...