What is a silver striver I hear you ask? Is it a new superhero from Marvels Infinity Wars film? Well no, a silver striver is the term being used by marketing types for people who are working past their retirement date. If this is something that you are considering out of choice or necessity, then [...]
By Andy Pardoe, Compliance Officer at Anstee & Co. If you are a UK taxpayer, when you pay into your pension you will get tax relief on your contributions up to £40,000 a year or 100% of your earnings, whichever is the lower. However, if you have started taking money from a defined contribution pension [...]
Since pension freedoms came into force in April 2015 more than £372 million has been reclaimed by more than 150,000 savers. The average amount being claimed for a refund was £2,000. How does this tax overpayment happen? When someone takes out a lump sum from their pension pot, only 25% is tax-free. The technical term [...]
