Retirement
Lifetime ISAs: What You Need to Know Before You Save
October 12, 2025Lifetime ISAs: What You Need to Know Before You Save Introduced in 2017, the Lifetime Individual Savings Account (LISA) was designed to help people aged 18 to 39 save either for their first home or for retirement. With a 25% government bonus on contributions of up to £4,000 per year, it can seem like an
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Winter Fuel Payments and Tax
September 3, 2025Winter Fuel Payments and Tax: What’s Changing for 2025/26? The UK Government has confirmed that Winter Fuel Payments will continue for the 2025/26 tax year, offering support to millions of pensioners across England and Wales to help cover winter heating costs. However, a key change this year is that some recipients may now be taxed
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Pension contribution limits relaxed
August 30, 2023Pension contribution limits relaxed The annual allowance (AA) caps the amount of tax-relievable pension inputs that can be made to a registered pension scheme. For money purchase (defined contribution) schemes (which include all personal pensions). The inputs are the total amounts contributed by you and your employer. In a defined benefits scheme ( one
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Tax breaks on savings
February 5, 2023You can save for retirement in a number of ways. The traditional route is via a pension scheme, but you could also use an ISA. Savers aged under 40 can open a Lifetime ISA (LISA) and contribute up to £4,000 per year, which attracts a 25% bonus from the Government. This bonus is withdrawn if
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