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Tories to raid pensions tax relief to slash IHT

Prime Minister David Cameron has pledged the Conservatives will create a new threshold for inheritance tax of £1m if elected. The changes would come into effect from April 2017, and will be funded by restrictions on pensions tax relief for those earning more than £150,000.  Annual allowances for savings will be tiered on earnings between […]

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Providers mandate advice on internal pension transfers

Providers are demanding customers take advice before transferring from old to modern schemes to access the new pension freedoms. Advisers are already being used by the Government as a defence against people making poor retirement decisions. The Government has said people must take advice before transferring out of defined benefit schemes. An FCA consultation published […]

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Lib Dems promise flat-rate pension tax relief review

The Liberal Democrats have promised to embark on a review of plans to introduce a single rate of pensions tax relief. The policy, unveiled today in the Lib Dem manifesto, commits the party to an investigation of plans long demanded by pensions minister Steve Webb. The manifesto says: “We will establish a review to consider […]

Why Newton is going against the grain

With stock markets reaching new highs, many financial commentators share a common belief – global economies are on the road to recovery. Newton’s view of the world, however, is very different. For them, the upturn has been driven by government and central bank policy across the globe, rather than from any real economic recovery. They […]

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