The changes would give workers the right to ask new employers to pay pension money into an existing pension pot.
Related topic: Pension
There is currently a gap of around £25 per week between the average DC pension income of men and women.
Advisers can refer clients to the Age Partnership’s Pension Income Service, while they earn additional revenue.
More than half were unaware that disclosing poor health could deliver extra income.
The cost of public sector pensions rose to £2.3 trillion in the 2020-21 financial year.
The average tax refund per saver was £3,551 as a result of the incorrect amount of tax being charged from pension income.
A new bill which would extend the scope of auto enrolment has been delayed until later this year.
Changes to pension taxation could result in ordinary taxpayers having to pay income tax where they inherit an untouched pension pot.
More than half of higher rate taxpayers have restarted, increased or plan to increase pension payments.
Both parties have committed to keeping the triple lock, despite soaring inflation meaning a 10.1% rise for pensioners this year.
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