Armed forces hit by annual allowance issue
Nearly 4,000 members of the Armed Forces Pension Schemes breached their annual tax-free pensions savings limit in 2017/2018, a freedom of information (FOI) request has revealed.
The data, supplied to Quilter by the Ministry of Defence, revealed 3,840 members of the schemes breached the allowance, four times more than in 2015/2016 when 1,010 members were in breach. The armed...
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