Posts Tagged ‘pension’
QROPS Pension Changes And Alternatives
Recent QROPS pension changes has meant that over 300 pension schemes which are based in Guernsey have been suspended by the government. This move has caused a shock wave within the offshore pension industry. QROPS pension changes in Guernsey mean that after April 6th 2012 [Read More]
How To Stop The Budget Tax Raid On Pensions
Many political pundits believe that the next budget will include a tax raid on pensions. Danny Alexander, has commented that he wants the higher-rate tax relief to be scrapped, saving the government £7billion. This means that private pension savers would get relief at the [Read More]
How SIPP Pensions Work
Before investing in a SIPP for your pension it’s important to understand how they work. SIPPs , or self invested personal pensions, were introduced around 20 years ago so that investors could have a choice about where and how to invest money for their personal [Read More]
Pension Tax Allowance Changes
The annual allowance for tax relief on pension savings for an individual is set to change. It has now been reduced from £255,000 to £50,000 (not indexed) starting from 6th April 2011. The amount which can be held as a value in a pension over the lifetime- known as the [Read More]
