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Advisers are warning that HM Revenue & Customs’ pensions annual allowance calculator is producing incorrect results for certain investors as it fails to take account of straddling pension input periods. In October 2010, the Government set out plans to
added on 09/02/12 @ 09:26am
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Pension savers nearing the £1.8 million lifetime allowance for contributions could be slapped with a 55% tax penalty if they do not protect their allowance by April.
added on 03/02/12 @ 10:50am
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HM Revenue & Customs has responded to rising concern over the affect of plummeting gilt yields on retirement savers by introducing a minimum cap of two per cent of the Government Actuary’s Department rate for drawdown calculations.
added on 17/01/12 @ 09:45am
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Platforms have warned the FSA’s decision to class re-registration as a non-advised process, therefore allowing legacy commission to continue being paid after the fund switch, could scupper the re-registration process.
added on 06/01/12 @ 10:47am
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Royal Dutch Shell has announced plans to close its final-salary pension scheme to new members. The oil company is the only member of the FTSE 100 to run an open final salary scheme.
added on 06/01/12 @ 10:45am
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The Government has made no savings by increasing the retirement age for public sector workers to 67, independent pensions consultant John Ralfe says. Ralfe’s analysis suggests the savings to the tax payer from aligning the retirement ages of public sec
added on 06/01/12 @ 10:43am