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BBC News

popularity to force through changes that he knows will be unpopular. did you know it would lead to scenes like this for such a long time? clearly we do not know but the calculation is in his mind has been that the french economy simply cannot afford to not do this. it cannot afford to not do this. it cannot afford to leave the retirement age at 62, relatively low in western europe. he has pushed through this increase up to 64 along with other changes of course. but his view is that with france as an ageing population the number of people at work to support the number of pensioners, people's pension pots, the economic growth you would need to sustain an ageing population with things like health care and transport and housing and social

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How much retirement income you could get with your pension pot | Personal Finance | Finance

The amount of money someone needs in their pension pots relies on their lifestyle and how they hope to live in retirement.

United-kingdom , Britons , Lisa-tipton , Office-for-national-statistics , Retirement-living-standards , New-world , Money-helper , Retirement-planning , Pension-pots ,

Breakfast

wallace lockhart reports. he's five months into thejob of prime minister. last week, he watched his chancellor deliver the budget, scrapping the lifetime limit on tax—free pension savings. the aim is to ensure doctors take on more work. others say it's a gift to high earners. in the budget, you gave a big tax boost to some of the richest people in the country in their pension pots. this is about cutting waiting lists. you know, at this point, think about it. i'm sure almost every person watching this has in their extended circle of friends and family, someone who is waiting for treatment. we need our best doctors, our experienced doctors. we need them working. and they want to work. they want to help get the waiting list down. they want to work longer hours. they don't want to retire. and because of the pension regime, they were stopped from doing that. it was preventing them from doing that. and i want to get the waiting list down, and that's why we've made

Prime-minister , Chancellor , Five , People , Country , Work , Some , Doctors , Budget , Pension-savings , Aim , Lifetime-limit

BBC News at Six

pound they invest in new it, plant and machinery from their profits, meaning the more companies invest, the less tax they will pay. but that is replacing a more generous scheme which ends this month. and this new scheme is only promised for three years. the government also wants to help some of those who have left theirjobs back into the workforce. we have heard something about childcare measures but there are also measures aimed at older workers. the cap on the amount workers. the cap on the amount workers can accumulate in their pension pot over their lifetime before having to pay extra tax is currently just over £1 before having to pay extra tax is currentlyjust over £1 million, that will be abolished entirely, so that if you keep working, you keep saving. and the amount workers and employers can put in pension pots tax—free every year will be raised from £40,000 to £60,000. 0pposition parties say these are tax cuts for the very highly paid. and to further tackle labour shortages, immigration rules will also be relaxed for certain roles in the construction

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Outside Source

that means a couple on an average income in the uk will spend 29% of that on childcare — that's according to data from the oecd. in the us, a couple in the same position will pay i9% of their income on childcare, while in germany, it'sjust 1% due to government subsidies. the uk government also wants to keep over—50s in the workforce. they plan to do this with pension tax reforms by increasing the free yearly allowance for pension pots from £40,000 pounds pots from £40,000 or $48,000 to £60,000. until now, there's been a £i.7 million limit on how much people could put in their pensions savings over a lifetime before paying tax. that cap will now be scrapped. here's sir steve webb, former

America , Couple , Income , Britain , Will , Data , Childcare-that , Oecd , 29 , Big-changes-to-childcare , Position , I9-

Outside Source

for a child under two costs just under £15—thousand or $18,000 a year. that means a couple on an average income in the uk will spend 29 % of that on childcare — that's according to data from the oecd. in the us, a couple in the same position will spend 19% of their income on childcare. while in germany it's just 1% due to government subsidies. well the government plans to fix this, by introducing 30 hours of free childcare a week for children over nine months old. the uk government also wants to keep over 50's in the workforce. they plan to do this with pension tax reforms by increasing the free yearly allowance for pension pots from £40—thousand or $48,000 to £60—thousands. until now, there's also been a £1.

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BBC News

today at1:00... the chancellor is expected to use tomorrow's budget to increase the amount people can have in their pension pots before paying extra tax. it is thought the figure will increase to £1.8 million over a lifetime, up from just over £1 million. there are questions about who this will benefit. the changes to pensions, they should help a number of people who were perhaps weighing up what they wanted to do in terms of staying in work or capping what they were paying into their pensions, but they are not the only group that needed to be supported, and the budget needs to look at this in the round. we will be looking at the challenges facing the chancellor in tomorrow's budget. also, eleanor williams is jailed for eight and harvey years at

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BBC News at One

pot. then in the last decade, chancellors, successive chancellors including george osborne, cut that limit and now it has reached the point where high—paid people like doctors are bumping up against it because their pension pots are worth more than £1 million, and the bma have been lobbying to raise this limit so that doctors are not faced with a choice where if i carry on working i am just bringing myself a tax charge. if you bus to the limit, you get a tax charge, another 55% on a lump sum, or another 25% on top of normal income tax rate. in order to avoid that, the government are saying we are going to raise that, or at least we think that is what the government is going to say tomorrow. in terms of the numbers of people it will benefit, only 300,000 people, according to actuaries we have spoken to, actually have reached the limit so far. the number that are heading for a breach of that are heading for a breach of that limit is just that are heading for a breach of that limit isjust 1.3 that are heading for a breach of that limit isjust1.3 million. so, just to give you an idea, that is less than 4% of the workforce. in the salary you would have to be earning at retirement to bridge that

People , Limit , Doctors , Pension-pots , Chancellors , Point , Pension-pot , Bumping , George-osborne , 1-million , -million , Tax-charge

BBC News at One

customers. eversince this pub a's problem isn't a lack of customers. ever since the bounce back from the pandemic, the problem has been finding the stuff. half a million workers have exited the place, some retiring earlier than before. businesses like this are trying to lure old workers back in. the experience, the life skills, the way they carry themselves and can talk to people naturally, it's great having the energy of young people joining the business but you can't train experience.— joining the business but you can't train experience. won't change the government _ train experience. won't change the government is _ train experience. won't change the government is reportedly - train experience. won't change the government is reportedly planning| train experience. won't change the i government is reportedly planning is to raise the lifetime tax—free limit on the value of pension schemes, above which you get hit with an extra tax charge. an increasing number of employees paid much more than claire, such as doctors, will soon have pension pots that breach the £1 million limit, after it was cut in recent years by successive chancellors. the government is thinking of raising that limit back to £1.8 million, to prevent doctors and others from retiring early to avoid the tax charge. but actuaries say that few workers will have a

Stuff , Workers , Place , Customers , Problem , Lack , Businesses , Pub-a-s-problem-isn-t , Pandemic , Bounce , A-million , Government

BBC News at One

preston crown court after falsely claiming she was the victim of an asian grooming gang. —— eight and a half years. the devastation left by the earthquake in turkey. now uk engineers fly out to help assess why so many buildings collapsed. and the public swimming pool that is being heated by a tiny data in exmouth. coming up on the bbc news channel, a privilege to play him, but that didn't stop him winning. jack draper faces and beats andy murray for the first time in an all—british battle at indian wells. good afternoon and welcome to the bbc news at one. the total amount people can accumulate in their pension pots before paying extra tax is expected to be increased in tomorrow's budget. it's thought people could

Buildings , Help , Devastation , The-public-swimming-pool , Earthquake , Engineers , Grooming-gang , Victim , Now-uk , Preston-crown-court , Asian , Turkey