PENSION TAX CODE OVERHAUL: UK'S 2025 CHANGES

The United Kingdom is gearing up for a significant overhaul of its pension tax code in 2025. The government has outlined ambitious plans to simplify the system and make it more transparent/accessible/intelligible for individuals. Key objectives/goals/targets of the reform include boosting/encouraging/increasing pension savings/contributions/accumul

The UK government is implementing significant adjustments to the pension tax code, effective for early 2025. These updates aim to clarify the system and ensure it remains equitable for taxpayers. The detailed changes are still being consolidated, but some key elements expected to be impacted include: {contribution limits, tax relief schemes, and re