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Pension: Britons 'not worried' about savings after Rishi Sunak's 'stealth tax' | Personal Finance | Finance

“Traditionally it rises in line with September’s CPI which for 2020 would have been 0.50 percent.
“That means the lifetime allowance of £1,073,100 would have risen by £5,800 in the upcoming 2021-22 tax year and some pensions will now fall into the taxable bracket.”
Ms Springall concluded by encouraging those worried about what the pension changes would mean for them to seek advice about the matter.
The Money Advice Service offers help, as well as Pension Wise which puts forward free and impartial guidance.
Alternatively, individuals may wish to seek the assistance of a financial adviser, who could provide tailored guidance.
Do you have a money dilemma which you d like a financial expert s opinion on? If you would like to ask one of our finance experts a question, please email your query to ....

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Family pensions upper ceiling raised from Rs 45,000 to Rs 1,25,000 per month: Jitendra Singh

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Family pensions upper ceiling raised from Rs 45,000 to Rs 1,25,000 per month: Jitendra Singh
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Family pensions upper ceiling raised from Rs 45,000 to Rs 1,25,000 per month: Jitendra SinghPTI
Last Updated: Feb 12, 2021, 05:59 PM IST
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The minister said that DoPPW has issued a clarification on the amount admissible in case a child is eligible to draw two family pensions after death of his or her parents. The amount of both the family pensions will now be restricted to Rs 1,25,000 per month, which is over two and half times higher than the earlier limit, said Singh.
New Delhi: Union minister Jitendra Singh on Friday said that in a far-reaching reform regarding family pensions the upper ceiling has been raised from Rs 45,000 to Rs 1.25 lakh per month. He said the move will bring ease of living for the family members of the deceased employees and would provide ade ....

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