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Tax & Legislation Image of Pension Increases – What our Rules say

Pension Increases – What our Rules say

30 Apr 2024
Our Plan is governed by a document known as the Trust Deed and Rules – ‘our Rules’. Within this document are instructions on what members (and their dependents) are entitled to receive from the Plan. 
Tax & Legislation Image of Pension Increases – What our Rules say

Pension Increases – What our Rules say

30 Apr 2024
Our Plan is governed by a document known as the Trust Deed and Rules – ‘our Rules’. Within this document are instructions on what members (and their dependents) are entitled to receive from the Plan.  
Tax & Legislation Image of Lifetime Allowance changes explained

Lifetime Allowance changes explained

18 Apr 2024
Since 2006, pension savings have been subject to a Lifetime Allowance (LTA), which placed a limit on the overall value you can build up across all your pensions before having to pay additional tax.
Tax & Legislation Image of Update from the Spring Budget

Update from the Spring Budget

31 Mar 2024
On 6 March 2024, Chancellor Jeremy Hunt delivered his Spring Budget, setting out the Government’s key commitments and objectives for the UK economy.
Tax & Legislation Image of Update on the Lifetime Allowance

Update on the Lifetime Allowance

21 Feb 2024
Since 2006, pension savings have been subject to a Lifetime Allowance (LTA), which places a limit on the overall value you can build up across all your pensions before having to pay additional tax. For the 2022/23 tax year, the LTA stood at £1,073,000. 
Tax & Legislation Image of Pension updates from the Autumn Statement

Pension updates from the Autumn Statement

04 Jan 2024
On 22 November 2023, Chancellor Jeremy Hunt delivered his Autumn Statement, setting out the Government’s key commitments and objectives for the UK economy. The announcement contained some measures that could affect your pension planning.
Plan news Tax & Legislation Image of GMP Equalisation update and new benefit options

GMP Equalisation update and new benefit options

01 Jul 2023
If you’re currently receiving a pension from the Plan, you should have received a pack through the post relating to Guaranteed Minimum Pension (GMP) Equalisation.
Tax & Legislation Image of What does the Spring Budget mean for your pension?

What does the Spring Budget mean for your pension?

17 Mar 2023
On Wednesday 15th March 2023, Chancellor Jeremy Hunt delivered his Spring Budget, which included the biggest shake-up in the taxation of pensions for over a decade. The Annual Allowance is being increased by 50% and there are plans to abolish the Lifetime Allowance altogether.
Tax & Legislation Image of State Pension Increase information

State Pension Increase information

01 Jul 2022
The State Pension increased by 3.1% at the start of April 2022. For those who reached the State Pension age after April 2016, this means a rise in the full State Pension of £5.55 a week, to £185.15.
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