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On 6 April 2014, the annual and lifetime allowances for pension contributions will be reduced. It's likely to affect a greater number of individuals than what Government figures suggest, according to pension provider Standard Life. What's changing? The maximum value of pension savings an individual can accrue in their lifetime before a tax charge is triggered will fall from £1.5 Continue Reading

Employee benefits, such as childcare vouchers or a pool car, can help businesses to improve staff retention, absence rates, productivity and relations. Recent research by the Chartered Institute of Personnel and Development (CIPD) shows that more employers and HR professionals are aligning their staff benefit packages with the company's objectives. The research revealed: firms focusing on delivering great products or Continue Reading

HMRC have made the following comments on their website to counter so-called “pension liberation” activity. Here’s what they have to say on the subject: “HM Revenue & Customs (HMRC) is committed to combating pension liberation activity. HMRC has been working closely with other government departments/agencies and the pension industry to take action to prevent pension liberation and preserve pension savings. Continue Reading

David Cameron made the following statement to the members of the Open Government Partnership annual summit last week. “We need to know who really owns and controls our companies. Not just who owns them legally, but who really benefits financially from their existence. This summer at the G8 we committed to do just that – to establish a central register Continue Reading