Savings

Pension changes could hamper employment flexibility

Reforms to the pension system, planned for 2012, run the risk of adversely affecting the flexibility of the UK’s labour market, it has been argued.

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Some high earners could benefit from new pensions tax relief rules

People who earn more than £150,000 will get 50 per cent tax relief on the contributions they make to their pensions for one year.

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Savings accounts beginning to offer better returns

After months of poor savings account interest rates, investors may be about to reap the rewards of better returns on their money.

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Extra pension tax charges for high earners

A detail in the Budget announcement has revealed that people who earn more than £150,000 a year will have to pay tax on the contributions that their employers make to their company pension schemes.

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Budget 2009: personal tax – 50 per cent top rate on income tax

Future tax rises were always likely to be on the agenda as the Chancellor seeks to reassure the international money markets that he has plans laid to reduce the UK’s huge borrowing deficit.

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Budget 2009: an outline summary

The Chancellor has delivered one of the most important Budgets in years against a backdrop of rising unemployment, soaring government borrowing and quite possibly the hardest hitting recession since the Second World War.

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Spending cuts and other predictions for the 2009 Budget

When Alistair Darling stands up in the House of Commons on 22 April, he will be delivering his Budget speech against the backdrop of one of the worst post-war recessions, if not the worst.

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Final salary pension schemes in deepening deficit

The collective shortfall in the UK’s defined-benefit pension schemes has reached £242 billion.

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Employers may need to pay more to safeguard pensions after the recession

Plans have been mooted to raise the amounts that employers pay to protect company pension funds during periods of economic growth in order to balance a fall in the sums they pay during bad times.

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Temporary savings deposits may get more protection

Savers who deposit large sums into their accounts could get a short-term increase in the level of protection guaranteed their money should the bank or building society get into difficulty.

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