Pensions, savings and investments

Well over one million pensioners have overpaid their tax, official figures have revealed.

A leading employers’ group, the Institute of Directors (IoD), has called for a radical overhaul and simplification of the pensions system.

A draft directive drawn up by the EU could curtail the range of investments available to pension fund managers, it has been claimed.

The decline in house prices has had a dramatic impact on the level of inheritance tax that is being paid.

Both employers and employees have stepped up their level of investment in defined contribution pension schemes over the past two years.

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