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The government will introduce long-awaited legislation for collective defined contribution (CDC) pension schemes in the autumn, according to pensions minister Torsten Bell. ... Royal Mail currently has the only CDC pension scheme operating in the UK, having launched in October 2024. Bell also outlined plans to allow ‘decumulation only’ CDC ...

Previously, unused pension funds often provided a way to pass wealth tax-free to beneficiaries. However, under the 2024 Autumn Budget reforms, these advantages are being curtailed. From April 6, 2027, many pension funds will be subject to IHT, potentially impacting thousands of estates.

A Note on How the FY 2024 Pension Data is Presented New to the Rolls On the Rolls Individuals who began receiving pension during fiscal year 2024 (October 1, 2023 to September 30, 2024) are considered “new to the rolls” and the tables are outlined in purple. All individuals who are receiving pension on

Chancellor Rachel Reeves announced plans to include unused pension funds and death benefits within the value of estates for IHT purposes, during the Autumn Budget 2024. Under the proposals, pension administrators will report and pay IHT directly to HMRC. Death-in-service benefits paid out by employers have traditionally been separate from ...

We’re six months on from the Autumn Budget, in which the government announced its intention for the value of defined contribution (DC) pension schemes to be included in Inheritance Tax (IHT) calculations from April 2027. This is a big shift from the current position, where pensions are not included in the calculation for IHT.

House Republicans' bill would restructure federal workers' retirement plans to generate savings.

Tax policy papers, consultations, and calls for evidence since Autumn Budget 2024. ... (Earnings and Pensions) Act 2003. 2 April 2025 Policy paper Climate Change Levy: electrolytic hydrogen and ...

The Pensions Regulator (TPR) has published its latest annual funding statement. The statement is particularly targeted at schemes with valuation dates between September 22, 2024 and September 21, 2025, but includes important information for trustees and sponsoring employers of all occupational defined benefit (DB) schemes. The new DB funding regime

Online fieldwork took place between 9 October 2024 and 6 November 2024. The Pensions Regulator (TPR) has been running a similar survey for their regulated occupational pension scheme trustees. Invites to take part in the survey were sent via email. ... Since the fieldwork was conducted in autumn 2024, the following actions have now taken place ...

As we wait for HMRC’s response to th post Budget consultation, Stephen McPhillips, Technical Sales Director, Dentons Pension Management Limited, considers the potential implications for and impact on SIPP and SSAS members.. Most readers will be very familiar by now with the proposals delivered by the Chancellor of the Exchequer in her Budget speech on 30 October 2024.

Your 2025 Spring Pension Newsletter is full of insights and scheme updates. It’s your go-to source for information about your pension. newsletter(s), pensioner newsletter, pensions news , pensioner news, member newsletter ... The Chancellor announced in the Autumn 2024 Budget that the inheritance tax threshold will stay the same until 2030 ...

For most pension savers, it will simply be the case that their post 5 April 2024 allowances will be reduced by 25% of any LTA they had used before this date. However, there are also rules for those who had LTA and tax-free cash protections, plus new rules which will benefit some who took less than 25% tax-free cash when they took their benefits.

The Work and Pensions Committee (WPC) has published the government's response to the WPC’s third report of session 2023-2024 on defined benefit (DB) pension schemes. The report and response cover a variety of topics, including indexation of pensions relating to pre-1997 accrual, Pension Protection Fund (PPF) compensation, trustee knowledge ...

The 2024 regulations (SI 2024/462), which set out the detailed requirements for a scheme’s funding and investment strategy and its statement of strategy, will be reviewed within the next five years.

1. The effect of frozen tax thresholds. The number of pensioners paying tax will rise further as the state pension and general retiree incomes increase while income tax thresholds remain frozen. This is known as fiscal drag. The current thresholds of £12,570 (above which you pay basic-rate tax of 20%) and £50,270 (where the higher rate of 40% begins) have been frozen since 2022.

The Autumn Budget will take place on 30th October when Rachel Reeves will announce it as her first Budget as Chancellor of the Exchequer. We have look at what changes could be announced.. ... Bookkeeping VAT Returns R&D Tax Credits Tax Investigation Cash Flow Management Business Plans Business Insights Auto-enrolment Pensions. Search. Personal ...

This article is a pre-read for our 2024 Autumn Budget Report, which will be released to the general public on Tuesday, November 5th. ... the Annually Managed Expenditure (AME) is for more unpredictable, demand-led spending, including pensions, social security, and debt interest. Looking back on the Spring Budget 2024’s RDELs, health and ...

The Pensions Regulator (TPR) has published its latest annual funding statement. ... 2024 and September 21, 2025, but includes important information for trustees and sponsoring employers of all ...

Stock photography, posed by models Puzzled By Pensions? Pensions Guide 2025/2026 Guidance for Usdaw Members . Introduction Usdaw believes that all of our members have the right to a decent ... abolished in 2024/25 and there is no upper limit on the amount you can save. (The Lifetime Allowance of £1,073,100