How the lifetime allowance reduction could impact on your retirement savings
The Government has introduced comprehensive reforms to the pension rules over the previous few years. One important change, which may have been overlooked by some savers, is the reduction of the lifetime allowance that applies to pension savings. The lifetime allowance is the total amount you can hold within all your pensions without incurring an additional tax charge when you extract money from the pot. [Read more…] about Pension Reforms: How the lifetime allowance reduction could impact on your retirement savings
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Hello LISA: Harnessing the simplicity and popularity of the ISA wrapper
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Hello LISA
Harnessing the simplicity and popularity of the ISA wrapper
The introduction of the new Lifetime Individual Savings Account (LISA) next year is aimed at helping young people save flexibly for the long term throughout their lives, and simultaneously enabling them to save for a first home and for their retirement without having to choose one over the other. [Read more…] about Hello LISA: Harnessing the simplicity and popularity of the ISA wrapper