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Tag: Pension

Alextra Accountants
Protect Your Lifetime Allowance
The pensions lifetime allowance places a cap on overall tax-relieved pension savings. Pension savings in excess of the lifetime allowance are subject to a lifetime allowance charge, which effectively ...
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Alextra Accountants
Claiming Back Tax On A Small Pension Lump Sum
Where a pension lump sum is taken, it is possible that too much tax may have been paid. Where this is the case, a refund can be claimed. However, the mechanism for claiming the refund will depend on t...
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Alextra Accountants
Reduced Pensions Annual Allowance For High Earners
The pensions annual allowance places a cap on tax relieved contributions, which can be made to a registered pension scheme for the pension input period. From 2016/17, the pension input period is align...
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Alextra Accountants
Half Of Adults Want To Retire Before State Pension Age
48% of working adults yet to retire would like to by the time they reach 61, according to Now – Pensions. 50% of the surveyed adults would also be happy to save more into their workplace pension. On a...
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Alextra Accountants
Age 55 Plus – Unlock Your Pension
Changes were introduced with effect from April 2015, which provide those aged 55 plus with greater access to their pension savings. Where an individual has a defined contribution (money purchase) sche...
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