PracticePeople In PracticeJudges and mothers alike feel pensions pinch

Judges and mothers alike feel pensions pinch

Senior judges may sue Lord Chancellor over changes to their pensions, while it is revealed many mothers and carers are not entitled to state pension

Lord Falconer, the Lord Chancellor, could be sued by a working group of
senior judges over changes to their pension rights.

New tax rules will impose a lifetime cap of £1.5m on the sum of accumulated
pension savings that qualify for tax relief. Anything above that sum will be
subject to a tax of 25%, in addition to income tax.

At the other end of the scale, it has been reported that more than two
million mothers and carers are not building up any entitlement to the basic
state pension.

The Equal Opportunities Commission has warned that the current pension system
fails to compensate people who take a break from work to care for others or look
after children.

Related Articles

Deloitte hires ex-HSBC global head of IFRS as partner

Big Four Deloitte hires ex-HSBC global head of IFRS as partner

6h Lucy Skoulding, Reporter
BDO promotes 1,110 people

Accounting Firms BDO promotes 1,110 people

1m Alia Shoaib, Reporter
Deloitte appoints former RBS Group Strategy Director as partner

Big Four Deloitte appoints former RBS Group Strategy Director as partner

1m Alia Shoaib, Reporter
RSM extends private client legal services with new appointment

People In Practice RSM extends private client legal services with new appointment

2m Austin Clark, Reporter
KPMG makes UK head of automotive appointment

Big Four KPMG makes UK head of automotive appointment

2m Emma Smith, Managing Editor
Grant Thornton expands financial services regulatory team

Accounting Firms Grant Thornton expands financial services regulatory team

2m Austin Clark, Reporter
KPMG hires new head of international tax

People In Practice KPMG hires new head of international tax

2m Emma Smith, Managing Editor
Partner promotion announced by MHA MacIntyre Hudson

People In Practice Partner promotion announced by MHA MacIntyre Hudson

2m Austin Clark, Reporter