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Annuity sales reach post pension freedoms high in 2023

Sales of annuities in 2023 hit their highest levels since the introduction of pension freedoms in 2014, research from the Association of British Insurers (ABI) has found.

Pete-cowell , Stephen-lowe , Rob-yuille , Financial-conduct-authority , Just-group , Standard-life , Pension-wise , Association-of-british-insurers , Bi , Nnuities , Ob-yuille , Tandard-life

2023 death rates lowest since 2019, CMI data shows

Mortality rates in the final quarter of 2023 were 3% lower than in 2019, latest data from the Continuous Mortality Investigation (CMI) has shown.

United-kingdom , West-midlands , United-kingdom-general- , London , City-of , Stephen-lowe , Cobus-daneel , Office-for-health-improvement , Office-for-national-statistics , Just-group , National-statistics , Health-improvement

Majority of Gen X worried about retirement adequacy

The majority (52%) of those in ‘Generation X’ are worried about having enough money saved to achieve a good standard of living in retirement.

Stephen-lowe , Pensions-service , Just-group , Generation-anxiety , Pension-wise , Tephen-lowe , Eneration-x , Dequacy ,

Treasury rakes in £1.2bn in inheritance tax in first eight weeks of 2023/24

HM Treasury has collected £1.2bn in inheritance tax (IHT) since 6 April – a 13% increase on what it had collected at the equivalent point in last financial year’s record breaking 12 months.

Rachael-griffin , Laura-howard , Stephen-lowe , Office-for-budget-responsibility , Just-group , Budget-responsibility , Evelyn-partners , Hm-revenue-amp-customs , Ffice-for-budget-responsibility , Tephen-lowe , Aura-howard , Mrc

Sales of annuities hit highest volumes in over eight years

Sales of annuities in the first quarter of the year hit their highest recorded levels since 2014, figures from the Association of British Insurers (ABI) have shown.

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Rising IHT receipts should be 'wake-up call' to take tax advice

Inheritance tax (IHT) receipts for April 2023 again crept higher reaching £0.6bn, which is £0.1bn up on the same period last year, latest figures reveal.

Canada , Andrew-tully , Stephen-lowe , Laura-hayward , Just-group , Office-for-budget-responsibility , Budget-responsibility , Iht , Ffice-for-budget-responsibility , Tephen-lowe , Anada-life , Ust-group

IHT goes 'mainstream' as latest HMRC receipts hit record high

Inheritance tax (IHT) receipts for April 2022 to March 2023 were up £1bn on the previous tax year to £7.1bn, according to latest numbers from HM Revenue & Customs (HMRC).

Canada , Andrew-tully , Stephen-lowe , Laura-hayward , Office-for-budget-responsibility , Bonds , Family-investment-companies , Just-group , Offshore-bonds , Iht , Ffice-for-budget-responsibility , Anada-life

Record IHT receipts up 16% year-on-year with £0.9bn increase

Inheritance tax (IHT) receipts for April 2022 to February 2023 were £6.4bn, which is an increase of £0.9bn compared to the same period last year, latest government data showed.

Canada , Stephen-lowe , Andrew-tully , Laura-hayward , Office-for-budget-responsibility , Just-group , Budget-responsibility , Spring-budget , Hm-revenue-amp-customs , Ht , Ffice-for-budget-responsibility , Tephen-lowe

IHT tax take forecast to increase by £3bn in 'substantial' rise

The nation's total inheritance tax (IHT) bill will grow significantly over the next six years, the Office for Budget Responsibility (OBR) forecasts, with Treasury coffers swelling by an additional £3bn.

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