HMRC has 'no clue' how many members have faced pension tax allowance fines

Kim Kaveh
clock • 2 min read

HM Revenue and Customs (HMRC) does not know how many people it has fined for breaching pension tax allowance rules, a Freedom of Information request has revealed.

Tax relief is normally available on pension contributions of up to £40,000 a year under the annual allowance. However, once a flexible withdrawal has been made savers become subject to the money pu...

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