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New research has highlighted the extent of confusion about the UK pensions and savings system and how unimportant tax relief is to individuals’ decision making.
Flat-rate pension tax-relief proposals are no ‘silver bullet’, the managing director of a retirement practice has warned its supporters.
A big chunk of over 55s plan to continue working past what would previously have been considered their retirement age of 65, researchers have found.
Pensioners in the UK pay a total of more than £17billion in income tax every year, according to new analysis.
A senior consultant at a Sipps firm has blasted the Government’s failure to explain the State Pension changes clearly enough.