UK: NEW RULE COULD AFFECT RETIREMENT AGE
Article Abstract:
UK Ministers are likely to implement a European Union directive which would make it unlawful to make people retire at the age of 65 from 2006. This could result in more people aged over 65 continuing to work and delaying the purchase of an annuity. The National Association of Pension Funds' chairman, Alan Pickering, is in favour of pension age retirement being considered separately, but still believes in purchasing annuities, which the Liberal Democrats and Conservatives want to stop being compulsory.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: NO RISE IN REBATE LEVELS FOR CONTRACTING OUT
Article Abstract:
Draft regulations for the state second pension, which is to be introduced in April 2002, suggest that rebate levels will not be raised for people contracting out. This could make contracting out less popular and force people instead to opt for stakeholder pensions. In August 2000 providers recommended to the government that rebate levels should be increased to discourage people from entering the troubled state earnings-related pension scheme (Serps).
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: Government to remove pensions tax loophole
Article Abstract:
Carry forward rules under which investors can make up missed contributions to a personal pension or a self-invested personal pension are to be abolished by the UK government on 31 January 2002. Killik & Co is calling on investors to benefit from these rules while it is still possible, taking up unused tax relief for the six years prior to the 2001/2002 tax year.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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