It was another quiet Budget for pensions: the only tax related change was confirmation of the new lifetime allowance for the 2019/20 tax year. The increase in line with the Consumer Price Index has been rounded up to the nearest £1,000 rather than the nearest £100 as allowed for in the legislation, resulting in the…
The UK’s automatic enrolment regime was not affected by April’s increase in minimum contributions, according to data from the country’s top three providers. Figures from NEST, NOW: Pensions and The People’s Pension – collated by trade body the Pensions and Lifetime Savings Association (PLSA) – showed a minimal rise in members stopping their contributions after…
