‘Pension freedoms age should increase’

The age at which people access their retirement savings through pension freedoms should be increased, the Association of British Insurers (ABI) has said. Introduced in April 2015, the freedoms extended the options for over-55s accessing their pension savings before...

3.3m sole traders to have ‘no pension by 2028’

More than three million self-employed people could be left without a pension in the next 10 years, according to a report. The warning came from the Association of Independent Professionals and the Self-Employed (IPSE). It made the claim based on the growth of...

Estates pay record amount of death duties

A record amount of estates paid inheritance tax in 2016/17, according to government figures. More than 28,100 estates were liable for death duties in 2016/17 - a new high for the number of estates charged. The latest figure represented a 15% rise on the previous...

Inheritance tax rebates linked to falling house prices

Falling house prices around the UK could potentially lead to a rise in claims for inheritance tax rebates, a report has claimed. Inheritance tax is currently charged at 40% on the part of an estate that exceeds the £325,000 threshold. This threshold can be increased...

CBI: Apprenticeship levy must evolve

A generation of young workers risk being left untrained unless the apprenticeship levy is reformed by the end of the year. The Confederation for British Industry (CBI) claimed the risk comes from an increasing use of automation and AI in the workplace. Businesses...