The Chancellor has come under fire again today over another of his Budget proposals, as critics attack his “wholly ill-conceived and utterly misguided thinking on QROPS”.

Financial Planners are warning company owners over the ‘significant impact’ that a surprise cut in the dividend allowance is likely to have.

Financial Planners are unhappy that the Chancellor has ploughed ahead with the cut of the Money Purchase Annual Allowance.

Chancellor Philip Hammond is to impose a 25% tax charge on pension transfers to QROPS pension schemes from tomorrow (9 March).