Pension freedoms withdrawals pass £30bn

New figures published today by HMRC show that a total of £30bn has been withdrawn ‘flexibly’ from pensions, taking advantage of the new ‘pension freedoms’ introduced in 2015.  

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HMRC staff disciplined for computer misuse

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.

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Pension savers lose out in £600m ‘tax grab’

Pension savers lost out on £600m last year according to HMRC personal pension statistics released today.

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Britons hit with record £5.4bn IHT bill

New HMRC figures have revealed UK citizens paid £5.4 billion in Inheritance Tax in 2018/19, a 3% increase on the previous tax year.

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