Royal London has backed a call by the Office of Tax Simplification which could lead to life insurance policies being automatically exempted from Inheritance Tax to save families money.

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A record number of people have enrolled into occupational pension schemes, according to new data from the Office of National Statistics (ONS).

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Nearly a quarter of higher rate taxpayers could be collectively missing out on over £1 billion in tax relief each year because they do not contribute to a pension, according to research from Prudential. Read more...

A new survey suggests that one in 10 higher earners fail to make a personal contribution to a pension and on average higher rate taxpayers miss out on £2,500 a year in tax relief each – equivalent to £225m a year for all higher earners. Read more...