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383,000 used flexible pension withdrawals in Q1 - HMRC

The number of people using flexible pension withdrawals rose by 6% in the first quarter of 2021 to 383,000, according to the latest HMRC data. 

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LCF victims get green light for ISA reinvestment

HMRC has given London Capital & Finance (LCF) ISA investors the green light to reinvest their Financial Services Compensation Scheme (FSCS) compensation payments into a new or existing ISA. 

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2020/21 inheritance tax bill hits £5.33bn

HMRC collected £5.33bn from inheritance tax in the 2020/21 tax year, a rise from £5.12bn in 2019/20.

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Cornerstone founder fined for stamp duty avoidance

David Hannah, the founder of advice firm Cornerstone, has been fined for avoiding stamp duty and faces further disciplinary action after losing an appeal.

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