Pensions and Retirement Planning

The rules around pension planning have changed a great deal recently, arguably making pension planning more important than ever. There are potential significant tax savings to be had with much greater freedom about how and when you draw the funds from the age of 55 onwards.

2019/20
Minimum age for taking benefits55
Annual allowance£40,000 (Reducing to £4,000 depend on circumstances)
Lifetime allowance£1,055,000
Normal maximum tax-free lump sum25%

The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.

Icon

News

21 November 2019

eNews – November 2019

In this month’s eNews we report on an IR35 appeal, HMRC’s clampdown on enablers of tax avoidance schemes and an update on probate fees. With a Charity Commission report on ... Read more

11 October 2019

eNews – October 2019

In this month’s eNews we report on the delay to the VAT domestic reverse charge and the announcement of an independent review of the loan charge. A consultation has also ... Read more

11 September 2019

St Nicholas School defibrillator donation

Mander Duffill has become actively involved with St Nicholas School during the year, initially arranging a Community Day where members of the firm volunteered to help paint various outside areas ... Read more