Vale & West Chartered Accountants Blog

Category Archives:Pensions

18-year-olds to be included in auto-enrolment expansion

A recently approved Bill proposing an extension to the auto-enrolment (AE) scheme will facilitate “earlier and increased savings” for millions of young people across the UK.

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Have your employees claimed their pensions? What business owners need to know

The issue of unclaimed pensions is a growing concern, with numerous individuals unaware of the pensions that are rightfully theirs. Recent data reveals that unclaimed pensions amount to a staggering £28,000 per person.   Read More

Major pension reforms sparks rethink for UK savers

Several significant changes were announced by the Government in the 2023 Spring Budget regarding the annual allowance and the lifetime allowance.  

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How will the changes in the Spring Budget affect pensions?

During the 2023 Spring Budget, the Chancellor announced changes to pensions, which may alter the way you save for retirement.

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A guide to National Insurance and State Pension eligibility

Introduced in 2016, the new State Pension is a payment based on your National Insurance record when you get to State Pension age.

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First cost of living payment received by millions

Payments to support those struggling with the cost of living are starting to be paid into eight million people’s accounts from today. Read More

Chancellor to lay out plans in October Budget and Spending Review

The Chancellor of the Exchequer, Rishi Sunak, is expected to announce that the Government will be pumping extra billions into the economy when he sets out details of the Budget and Spending Review on October 27.

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Pension savers hit hard by lifetime allowance taxation

Pension savers have been hit hard by tax charges, according to the latest Government figures.

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Workplace pension re-enrolment – how does it work?

Almost all workers should now be enrolled into a workplace pension under the Automatic Enrolment scheme. But as the employer, your legal duties do not end there. Read More

Gender pay gap – what does this mean for pensions?

Research suggests that the average woman in her twenties today will retire with £100,000 less in her pension than her male peers.

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