All the updated news related to pension tax

All the news related to pension tax updated in real time

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Personal Finance

Income boost for some as National Insurance threshold increases from Wednesday

Many people will start to see a boost in their pay packets this month as they grapple with surging living costs. From Wednesday July 6, the threshold at which people pay National Insurance (NI) will increase. The move follows a controversial 1.25 ...

05 Jul 2022 at 08:30

Hunt prioritises tackling inflation over tax cuts amid pressure from Tory MPs

Jeremy Hunt said he is prioritising tackling inflation over tax cuts, in a blow to Tory MPs clamouring for a pre-election giveaway. In his first Mansion House speech as Chancellor on Monday, he said that bringing down soaring prices “puts more ...

11 Jul 2023 at 06:01

Ireland

Substantial tax reforms ‘one way’ to wean Ireland off corporate tax – watchdog

Ireland’s fiscal watchdog has said a series of contentious new taxes is one way to help wean Ireland off relying on corporation taxes and to address its aging population. In September, the Commission on Taxation and Welfare proposed ...

16 Nov 2022 at 11:48

Personal Finance

‘Last-minute dash’ to make Isa arrangements ahead of new tax year on Thursday

Savers are making last-minute arrangements ahead of the new tax year on Thursday. The annual contributions limit for Isas will remain frozen in the 2023/24 tax year, from April 6, at £20,000. Sarah Coles, head of personal finance ...

05 Apr 2023 at 11:17

Personal Finance

Thousands of pensioners overcharged £10,000 on pension withdrawals

Thousands of pensioners have claimed back more than £10,000 after being overcharged tax on their pension withdrawals, new analysis shows. A handful of people in the UK were given a refund worth more than £100,000. The HMRC ...

25 Aug 2025 at 00:01

Personal Finance

‘Wake-up call’ for pension holders as thousands face potential tax charges

Thousands of pension savers potentially face tax charges as they have more than the lifetime allowance sitting in their personal pensions, figures indicate. Around 2,300 people have been paying into personal pension ...

12 May 2022 at 07:25

Rishi Sunak accused of ‘smearing’ Angela Rayner with PMQs tax advice jibe

Rishi Sunak has insisted Sir Keir Starmer should spend less time reading Liz Truss’s new book and instead focus on Labour deputy leader Angela Rayner’s tax advice. Mr Sunak’s jibe led Labour leader Sir Keir to ...

17 Apr 2024 at 18:17

Pensioners set for income boost but more could be dragged into tax net – experts

Pensioners could be set for a bumper state pension increase next April, but many more could be dragged into paying tax, experts have said. The comments followed earnings figures released by the Office for ...

12 Sept 2023 at 13:23

Ministers considering way to cut cost of triple lock pension increase

Pensioners may not get a bumper 8.5% increase in the state pension next year as ministers try to limit the cost to the taxpayer. Under the triple lock – which guarantees an increase in line with average ...

12 Sept 2023 at 15:06

State pension: Will retirees feel better or worse off in the months ahead?

Pensioners, many of whom face losing their winter fuel payments, are expected to see their state pension rise next spring in line with recent wage growth. Here is a look at how much they could get: – ...

10 Sept 2024 at 12:45

Pensions tax cut for wealthy rewards hard work, says Dowden

The tax cut for people with pension pots worth more than £1 million defends a “basic, decent principle” of protecting those who work hard and save, a Cabinet minister said. Oliver Dowden defended ...

19 Mar 2023 at 10:57

Personal Finance

Around 1m pensioners paying income tax at 40% or above

Around one million pensioners are paying income tax at rates of 40% or above, according to figures obtained from HM Revenue and Customs (HMRC). The total number of people who have reached state ...

21 May 2025 at 00:01

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