Pensions Tax Relief soars £11bn in four years
- Tuesday, 14 December 2021
- Articles
The cost to the Government of Pensions Tax Relief rose to an estimated £42.7bn in 2020/21 - up £11bn in four years.
Read more...Tax avoidance risk tool launched by HMRC
- Friday, 19 November 2021
- Articles
HMRC has launched a new tool to help self employed agency and contract workers employed through an umbrella company spot whether they are at risk of tax avoidance.
Read more...Pension Freedoms result in £800m overpaid tax
- Friday, 29 October 2021
- Articles
Latest HMRC figures show that £794m has been repaid to people overtaxed on flexible retirement withdrawals since the Pension Freedoms were introduced in 2015.
Read more...Planners concerned about surge in LTA penalties
- Friday, 01 October 2021
- Articles
Pension lifetime allowance (LTA) penalty charges surged by 21% in 2019-20 to £342m (2018-19: £283m), according to data released by HMRC.
Read more...