Pension
UK digital bank to enter pensions market
After recently launching an investments and wealth arm
Uprating frozen UK state pensions estimated to cost £4.6bn
Around 480,000 recipients of the state pension living overseas do not get increases
Brits may pay income tax when inheriting untouched pension pots
As the government considers new rules to replace the pensions lifetime allowance
Pension tax overpayments hit £56m in Q2 2023
This is up almost £8m compared to the first quarter of the year
Pension savings increase following LTA scrapping
Some 23% of higher rate taxpayers are delaying retirement to save more