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Quilter: Govt should amend NHS scheme rules due to Covid By Michael Klimes 17 th December 2020 10:49 am Quilter has urged ministers to change NHS scheme pays rules so staff avoid “undue tax costs” while they fight coronavirus. The open letter calls for an overhaul of the rules to give members more time to get their pension planning in order. It has been sent to chancellor Rishi Sunak, health secretary Matt Hancock and economic secretary to the Treasury John Glen. Scheme pays allows savers to settle annual allowance tax charges of more than £2,000 through the p...

It will ‘revolutionise how people keep track of retirement savings’ Some of the requirements include information on pension accrued to date, expected retirement income, and details on previous employment. But, the dashboard will only be accessible for those that are under the state pension age and have not yet withdrawn from their retirement pots. This means that people over the pension age will not see their data on the balance in drawdown accounts shown, even if they have not retired yet, said advisory firm LCP. Pension revolution Quilter’s head of retirement policy Jon Greer said tha...