Tax changes and the ongoing freeze of many benefits from April 2026 will likely put even more pressure on our already strained finances, but there may be steps you can take to reduce this burden. The high cost of living already makes it difficult for many of us to make ends meet, with PakarPBN A […]
Inheritance taxes and pensions: what changes in 2027
Pensions have long been seen as one of the most tax-efficient ways to pass on wealth to loved ones, but from next year unused pension funds will fall within the scope of Inheritance Tax (IHT), potentially reducing the amount families will receive in the event of death. Although the tax-free lump sum and pension tax […]
How many taxes will I pay on retirement withdrawals?
The amount of the tax you pay when you withdraw money from your pension depends on the amount you wish to withdraw and the tax bracket in which you strive. Under current retirement rules, you can generally withdraw up to 25% as a lump sum free from a contribution pension defined once you have reached […]