Scrapped 55 percent death tax charge

Scrapped 55 percent death tax charge

by | Oct 9, 2014 | pensions

The Chancellor announced on Monday 29 September 2014 that from April 2015 individuals will have the freedom to pass on their unused defined contribution pension to any nominated beneficiary when they die, rather than paying the 55% tax charge which currently applies...
A rise in post budget pension enquiries

A rise in post budget pension enquiries

by | May 23, 2014 | budget, pensions

There has been a surge in pension advice enquiries Post Budget 2014. The diversity of potential products available post-retirement was encouraging people to seek advice. Credencis say: “Annuities remain an inflexible solution, and you no longer own your pension pot....
Paying tax under new pension rules

Paying tax under new pension rules

by | May 23, 2014 | pensions

Hundreds of thousands of savers could be heading for a tax shock at retirement because they fail to understand the new pension freedom rules being introduced by the Government. Many people with defined contribution pensions are labouring under the illusion that they...