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Government admits flaws in women’s NI payments
Thousands of women may have overpaid national insurance contributions, or be entitled to a lump sum of extra state pension, following administrative errors, the government has admitted
Enhanced annuities continue to rise
The rise of the enhanced annuity has been given a further boost with the launch this week of a new product from LV
Pension fines threaten final-salary schemes
Pensions industry in-fighting has been sparked following the government’s announcement of plans to fine companies with underperforming retirement schemes
One door shuts, but it’s still worth getting your foot in
The week before the end of the tax year saw a huge influx in transfers of commercial property into Sipps as investors sought to take advantage of existing taper relief before it was scrapped on April 6
It’s the end of the loophole but not the end of the line
Prior to April 6, small self- administered schemes (SSASs) offered one of the last remaining “loopholes” allowing pension assets to be passed down to family members on death without incurring heavy tax charges. Now, though, that loophole has been closed
Ever wider choices put cost in spotlight
The choice of assets pension investors can hold within their Sipp is growing ever wider
Freedom to invest comes at a price
Sipps are notorious for having layers of complex charges. They are often accused of “double charging” – levying charges on both the use of the Sipp as a wrapper for funds and the individual funds selected within the Sipp
Sleep easier with ‘bed’ strategy
A “no cost” way to boost the worth of a Sipp could be attractive at a time of economic uncertainty and ongoing market volatility.
Ask yourself the right questions
Job security is not what it used to be. So the chances are that you will have notched up some sort of pension from most employers you have worked for.
Take it to the max
Since pension laws were changed in 2006, investors have been able to pay an amount equivalent to 100 per cent of their income into their retirement fund every year, subject to allowances. But, according to financial advisers, canny investors can exceed this annual allowance in a single year
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