DWP freezes AE qualifying earnings band triggers
DWP freezes auto-enrolment qualifying earnings band triggers
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DWP freezes auto-enrolment qualifying earnings band triggers
A Work and Pension Committee report has called on the government to do more boost access to guidance and commit to a trial of automatic Pension Wise appointments.
The Work and Pensions Committee (WPC) has proposed a series of reforms designed to better support savers accessing their retirement monies.
MPs have recommended that regulators probe further into the merits of decoupling the 25% tax-free lump sum from the rest of the pension pot, in a Work and Pensions Committee report on pension freedoms.
HM Revenue and Customs (HMRC) will refund more than £42 million in overpaid tax on flexible pension withdrawals in Q4 2021, with an average reclaim of £3,107 per saver, according to the government’s latest data.