Now that the dust has started to settle, what do the recent announcements, and U-turns, mean for you and your finances? What is still happening The National Insurance contribution rate will fall from 6 November 2022. In April 2022, the National Insurance contribution (NIC) rate increased by 1.25 percentage points to pay for additional health [...]
In his 2021 Budget, the Chancellor announced a five-year freeze on the lifetime pension allowance. What does this mean for you and your retirement fund? What is the lifetime pension allowance? The lifetime pension allowance sets a limit on how much you can save in your pension before you start paying tax on anything over [...]