In total £535m has now been repaid to investors who were overtaxed on pension freedoms withdrawals since April 2015.
New figures published today by HMRC show that a total of £30bn has been withdrawn ‘flexibly’ from pensions, taking advantage of the new ‘pension freedoms’ introduced in 2015.
HMRC has disciplined nearly more than 90 members staff for misuse of email systems, social media accounts and telecommunications devices over the last two financial years, according to official figures.
Pension savers lost out on £600m last year according to HMRC personal pension statistics released today.
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