Losses from pension fraud rose to £1.8 million in the first three months of this year, according to figures from Action Fraud.
Employers that push staff into making unsuitable defined benefit transfers should beware the “Financial Conduct Authority’s (FCA’s) gaze”, a director at the regulator warns.
As we enter a new tax year, many people will be wondering how they can make their savings work harder for them, with interest rates at historically low levels.
A pension scheme is a savings plan to help you put money aside for later life. It has favourable tax treatments when compared to other forms of savings.
I don’t know how many of us thought that we’d still be adhering to so many restrictions after all this time, but here we are, over a year on and the pandemic is still having a big impact on all of us.
Following the delivery of the Spring Budget on 3 March 2021, there is a good chance that people will have seen the limited changes as not affecting them a great deal; however, this could in fact have an effect both in the short, and long-term, on tax due.
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