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...The pension funds and insurers the author mentions tend to be on the receiving, not the profiting, end of such free riding, so protections against free riding will benefit them too....
...Under the proposals, regulators will be given powers to stop poorly performing retirement funds from taking on new workplace pension business....
...The UK government is short of funds but there is a simple solution — when offering tax relief, attach the condition that most of the money should be invested in UK assets....
...Yet when you look at flows, even half that amount would help reverse the estimated £14bn withdrawn from UK equity funds last year or boost the £9bn or so in annual flows by UK pension funds into UK equities...
...That eternal verity re-emerged in the pension fund crisis in the gilt market in 2022....
...A change of government could yet see a wholesale transformation of the tax relief environment....
...Nimesh Shah So lots of tax relief associated pension contributions. If you put money into a pension as a top-rate taxpayer, 45 per cent, you effectively get 45 per cent tax relief....
...Take Calstrs, the $327bn US pension fund that is one of the world’s biggest backers of private equity....
...Any pension fund passed on at death falls outside the total assessed for inheritance tax....
...Ten of the UK’s largest pension providers signed the deal, pledging to invest up to 5 per cent of the assets in their default funds into unlisted equities by 2030....
...“It’s extremely worrying that so many more people are withdrawing funds from their pensions and at higher rates,” said Alice Guy, head of pensions and savings at investment platform Interactive Investor....
...The biggest, in the areas of pensions, home sales and VAT, run the risk of major political backlashes....
...of tax relief....
...If you’re paying that money into your pension, it goes in tax-free and it can grow tax-free. That’s the real magic of tax relief....
...funds and other private creditors had stalled....
..., and tax relief for mortgage payments....
...Moira O’Neill Flexibility is a really important point and it’s why a lot of people use Isas alongside pensions. With pensions, your money is locked away until retirement age....
...EIS and VCTs benefited from investors seeking tax-relief when the annual allowance for pensions was capped....
...Pension Protection Fund (PPF) in the past year....
...For the year as a whole the total has eclipsed even 2020, when cash flooded into money funds during the early stages of the pandemic. The big jump in revenues comes as a relief for money market funds....
...So we will build on the Edinburgh and Mansion House reforms to unlock more pension fund capital....
...taxpayers had “spent a fortune” in tax relief to help build up funds....
...Changes in the annual pension allowance, which increased from £40,000 to £60,000 are expected to hamper VCT fundraising this year....
...As you are in well-paid jobs you should ensure you both make healthy contributions into your pensions, primarily to plan for your future and to benefit from the generous tax relief available on contributions...
...“Pension plans have to buy mutual funds, or it’s so much easier for them they don’t tend to bother to buy ETFs,” Morris told the FT....
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