01/14/2021

Annuity should be tax-free for seniors

When the employer contributes towards the employee’s NPS Tier-I account, it is eligible for tax deduction under Section 80CCD (2) of the Income-tax Act.

11/25/2020

Winners and losers in Rishis 25 percent pension tax relief

It would be good news for basic rate taxpayers who’d receive a more generous bonus but would create a big dent in the future pension pots of higher and additional rate taxpayers unless they increased their contributions.

11/24/2020

Huge support for pension tax reform over current regime

Whilst respondents remain split over how to reform the regime, more than three-quarters say the 2020 Budget changes have not mitigated the problems they are facing and 78% support more help for those on lower incomes even if this means less relief elsewhe