Category Archives: Pension

What is net income for pension relief purposes?

30th June 2021 Posted by -

The lifetime allowance is the maximum amount of pension and/or lump sum that benefits from tax relief. The lifetime allowance is currently set at £1,073,100. The annual allowance for tax […]

Read More

What is pensions credit?

16th March 2021 Posted by -

Pension Credit is an income-related benefit made up of 2 parts - Guarantee Credit and Savings Credit. Guarantee Credit tops up your weekly income if

Read More

Added protection for pension savers

24th February 2021 Posted by -

The new Pensions Scheme Act received Royal Assent on 11 February 2021. The Act covers a number of important pensions-related issues and has faced a

Read More