 |
|
 |  |  |  |
Steven Cameron, Regulatory Strategy Director at Aegon said:From 1 January this year, the amount you can hold in a bank account which is fully protected even if the bank gets into difficulty dropped from £85,000 to £75,000. For those people lucky enough to be in this position, there’s a good reason to consider moving part of their cash over to their pension. |
There are two big reason to act. Firstly the Chancellor is considering reducing the tax relief available on pensions for higher rate taxpayers and these are the people who are likely to have the biggest bank balances. At present higher rate taxpayers get 40% tax relief on pension contributions meaning every £6 invested can be turned into £10. The Chancellor is reviewing this and many predict the rate of relief will be cut.
Secondly, for individuals earning above around £120k, there’s a further benefit as after April, they will have big restrictions in how much they can pay into pensions each year with some seeing their allowance cut from the current £40k to £10k so this could be the last opportunity to make a substantial top up.
|
|
|
|
| Pricing actuary - part-qualified or q... | ||
| South East / hybrid 2-3 dpw office-based - Negotiable | ||
| Technical pricing and portfolio manag... | ||
| Remote / 1 dpm in the Paris office - Negotiable | ||
| Actuarial Pensions Analyst/Technician | ||
| Midlands / hybrid - Negotiable | ||
| Senior Consulting Actuary | ||
| Flex / hybrid 2 days p/w office-based - Negotiable | ||
| Specialty Pricing Expert - Cyber | ||
| London, 4dpw in the office - Negotiable | ||
| Take the lead in GI Reserving | ||
| London - Negotiable | ||
| Financial Risk Manager | ||
| South East / hybrid 3dpw in the office - Negotiable | ||
| Senior Consultant/Manager | ||
| London - £100,000 Per Annum | ||
| Portfolio Pricing Actuary – First Act... | ||
| London - £125,000 Per Annum | ||
| Divorce Actuary | ||
| Remote with option to go into the office if required - Negotiable | ||
| DB Pensions Actuary contract work ava... | ||
| Remote - Negotiable | ||
| Take the lead in GI Capital Modelling | ||
| London / hybrid 2 days p/w office-based - Negotiable | ||
| Pricing Actuary - Global Consultancy | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Machine Learning Analyst | ||
| Remote with occasional days in the London office - Negotiable | ||
| CONTRACT: With-Profits Actuary | ||
| London/hybrid - Negotiable | ||
| Actuarial Associate Director - Life | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Life Actuarial Trainee | ||
| South East / hybrid 3dpw office-based - Negotiable | ||
| Pensions Project Consultant | ||
| Any UK Office location / Hybrid working - Negotiable | ||
| Pensions Actuary - Fully Remote | ||
| Fully remote - Negotiable | ||
| From pensions to insurance - student ... | ||
| London / hybrid 2-3 dpw office-based - Negotiable | ||
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.
Copyright © 2025 Actuarial Post. Created by Zero-One Design Ltd
