Martin Lewis says ‘double or triple your money’ with ‘unbeatable’ pension loophole - NewsGroove Uk

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Martin Lewis says ‘double or triple your money’ with ‘unbeatable’ pension loophole - NewsGroove Uk

Money expert Martin Lewis has urged anyone who pays into their pension to make sure they ‘double’ or almost ‘treble’ their money. The Money Saving Expert founder told his ITV The Martin Lewis Show Live viewers in February how workplace pensions are an ‘unbeatable’ way to ‘double your money’. Because of the way the workplace pensions system works, and the way they aren’t taxed at the point of contribution, you could make more money the more you e…

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People may still boost state pension even after deadline passes in April

A form to request a call back to pay voluntary national insurance contributions has been placed on gov.uk for people struggling to get through. People who miss a looming deadline to boost their state pension may still be able to make payments to top it up after next month’s cut-off date, it has emerged. But, to do this, they will need to have completed a form by the April 5 deadline, requesting a call back. The deadline of April 5 has been set f…

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The conversion of pension taxation led to double taxation for some. How you find out if you are affected and what you can do about it.In the past, employees had to pay the pension from taxed income, but the pension payments were tax-free. This was upstream taxation. However, this system had to be changed by the legislator because it led to unequal treatment of employees and civil servants. Since 2005, the transition to downstream taxation has no…