![]() ![]() ![]() Do note, while we always aim to give you accurate product info at the point of publication. Bank of Scotland, Halifax and Lloyds have announced theyll close at least 44 more branches between them over the next 12 months. Warning: 100,000s who took time off work to look after kids could be owed £1,000s in state pension payments. Bank of Scotland, Halifax and Lloyds to close 44 more branches in 2023/24 heres the full list, plus alternatives. “They may have done so because they lost their job or needed extra funds to tide them over during the pandemic or the current cost of living crisis. Should I be concerned about my pension pot dropping from 540k to 520k in the last 2 weeks I don’t plan to take any money for the next 3/4 years my financial a. Many individuals over 55 who have taken income ‘flexibly’ from their money purchase pension may not have realised that by doing so, they reduce the maximum they can then save in a pension. “The Money Purchase Annual Allowance is increasing from £4,000 to £10,000. MARTIN LEWIS was questioned exclusively on pensions last night as he dedicated the entirety of his money show to retirement planning. He said: “But while not mentioned in his Speech, the change which will benefit the greatest number of individuals is the increase in the little known Money Purchase Annual Allowance which will support a greater number of over 55s staying in or returning to the workplace. Scrapping the lifetime allowance coupled with increasing the annual allowance by 50 percent to £60,000 will be particularly beneficial to higher earners. Steven Cameron, pensions director at Aegon commented on the increase of the MPAA explaining that the Chancellor’s bumper pack of pension tax relaxations will come as a welcome boost to many individuals. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |