£75bn into adult ISAs in 2019/20

Savers paid £75bn into 13m new adult ISAs in the 2019/20 tax year, a rise of £7.1bn year-on-year, according to the latest ISA statistics from HMRC.

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Parmenion axes VAT on Managed Portfolio Services

Investment firm and platform provider Parmenion has joined the growing list of investment managers who have removed VAT from their Managed Portfolio Services (MPS).

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HMRC returned £115.6m overpaid pension tax in 2020/21

HMRC returned £115.6m in overpaid emergency pension tax in the 2020/21 tax year.

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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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