Pensions – minimum contributions to increase

From 6th April 2018, overall minimum contributions into qualifying pension schemes are set to increase. The minimum contributions are set to increase again from April 2019 and could represent a significant increase for some employees. The current rates and contributions for the next 2 tax years are as follows:   Date effective                   Employer min. cont’n            … Read More

Earn more than £150k pa? Think about your pension contributions now

Chancellor George Osborne is set to deliver his post election Budget on 8 July and it’s widely predicted that he’ll announce a restriction on pension tax relief for those earning in excess of £150,000p.a. The ‘pension raid’ is necessary to pay for increased inheritance tax breaks as announced in an earlier manifesto and professional bodies predict that it will be … Read More