Find out what’s happening at Sackers. Our News section provides information about recent work, press comment and media coverage, and what our people are doing.
Background The 2014 Budget proposed significant changes on the use of individuals’ DC pension pots at retirement. HM Treasury’s consultation “Freedom and choice in pensions”, published alongside the Budget, proposes a general...
Introduction The standard LTA will reduce from £1.5 million to £1.25 million on 6 April 2014. To assist individuals who have built up pension savings based on the current LTA, protection from the LTA charge is available in the form of...
Introduction Certain changes are being introduced with effect from 27 March 2014 to give greater flexibility for both DB and DC members now ahead of more radical changes from April 2015. The 2015 changes to the rules on the use of...
Introduction With the standard LTA reducing to £1.25 million from its current level of £1.5 million from 6 April 2014, individuals with existing pension savings who have not already done so should consider now whether to apply...
Introduction Having been expected to give pensions a wide berth, George Osborne’s fourth Budget as Chancellor (delivered on 19 March 2014) heralded some significant changes for DC schemes aimed at generating flexibility for members...
Introduction On 10 December 2013, the Government published the draft Finance Bill 2014(“the Bill”). The Bill includes provisions which will introduce a new form of transitional protection from a potential LTA charge, to be known...
Introduction Pensions are once again headline news, as the Chancellor announced in theAutumn Statement on 5 December 2013 measures that will see faster increases in SPA. But aside from a number of changes to the state pension, the...
