pension tax relief

Government tries to ‘sneak out’ figures showing how much tax pensioners pay

The government has attempted to “sneak out” statistics showing how much pensioners pay in tax, according to former pension minister Steve Webb, who is director of policy at Royal London.

Figures published at the end of April purported to show that pensioners paid £17.9 billion in income tax on their pensions in 2016/17 and £18.4 billion in 2017/18.

Make the most of pension tax relief before it is too late

Anyone over 40 is now entitled to a free NHS mind and body health check every five years, at which they might expect to receive the cheerful advice – “use it or lose it”. A wealth adviser or manager looking to keep your finances in top condition might declare the same of your pension.