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People drawing pensions 'lexibly' might be caught by new 'less flexible' rule on further pension saving FOLLOWING an announcement in the Autumn Statement, a consultation has been published on reducing the pensions 'money purchase annual allowance' from £10,000 to £4,000. This means that those people who have drawn money from their pension pot will not be able to put more than £4,000 a year back into a pension from April 2017 onwards. Robin Williamson, Technical Director of the Low Incomes Tax Reform Group, said:- "We understand that the Government is keen to dissuade 'tax-free cash recycling' which might mean that people seek to get further tax relief on money they have just taken out of a pension. But with pensions freedom, an individual might decide to take money out of their pension (currently allowed at age 55) – for example, to pay off their mortgage or other debts. They might then decide to use their new-found surplus in disposable income to put money back into pensions to provide a nest egg for their old age when they eventually decide to reduce their hours or stop working. The money purchase annual allowance of £10,000 is unlikely to catch out too many people who might do this. But reducing it to £4,000; equating to savings of £333 a month; is much more likely to cause problems for these people; especially if thinking about it in terms of someone choosing to save money they might have previously been paying on a mortgage." Lord Mayor of Liverpool takes to the dance floor for Charity CLLR Roz Gladden; Lord Mayor of
Liverpool joins 10 amateur dancers to compete for the Judges Award at Strictly
Nugent, at Liverpool Town Hall, on Saturday, 26 November 2016.
This inaugural Strictly Nugent event will see 11 amateurs partnered up with a
trained dancer to showcase dances from the last 135 years and is sponsored by
Lynbrook.
Roz Said:- "I'm very excited to be dancing in the Ballroom at Liverpool's
Town Hall, a dream come true, but most of all I'm proud to be able to support
Nugent in its valuable work helping the most vulnerable people in the City." |
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Children's charity launches new online support for young people WINSTON'S Wish, the charity for
bereaved children and teenagers, is delighted to announce its new online support
for young people. The launch of #Help2MakeSense sees a video campaign, new young
person's website and social media campaign aimed at making bereavement advice,
support and information more accessible for young people. The campaign is supported by a new video, highlighting the confusion and difficulty young people face in coming to terms with their grief. It tells the story of Nicole, who faces confusing situations following the death of her father. This is a typical situation for a young person to find themselves in after a significant loss and it can be hard for them to make sense of their grief. Winston's Wish aims to raise awareness of this issue through the campaign and to
encourage young people to access support following bereavement. 2 males have been charged with the murder of Stephen Essery MERSEYSIDE Police have confirmed this week that 2 males have been charged with the murder of Stephen Essery. They have since been have been remanded in custody to appear for trial in May 2017. |
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