Pensions Savings Investments

Fixed-term savings rates show a fall

Interest rates on fixed savings accounts declined over the past month, new figures have revealed.

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Older taxpayers often paying the wrong amounts

Well over one million pensioners have overpaid their tax, official figures have revealed.

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Put retirement age up to 70, argue employers

A leading employers’ group, the Institute of Directors (IoD), has called for a radical overhaul and simplification of the pensions system.

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Proposed EU rules could hit pension funds

A draft directive drawn up by the EU could curtail the range of investments available to pension fund managers, it has been claimed.

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Inheritance tax payments see significant fall

The decline in house prices has had a dramatic impact on the level of inheritance tax that is being paid.

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2009 Budget announcement

More funds going into workplace pension schemes

Both employers and employees have stepped up their level of investment in defined contribution pension schemes over the past two years.

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New tax-free savings limits for the over-50s

Savers aged over 50 now have the chance to invest more in tax-free ISA savings accounts.

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Employers given more time to prepare for pension reforms

The government’s pension scheme for lower income employees is not to be introduced fully until 2016, a year later than originally planned.

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Ruling goes against retirement age legal challenge

Employers will still have the right – for now – to ask employees to retire at the age of 65 following a judgement in the High Court.

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