Hargreaves Lansdown: Pension tax system a 'bloated, inefficient mess'

Hope William-Smith
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Only a “comprehensive rethink” will be able to fix the “bloated, inefficient mess” of the current pension tax system, says Hargreaves Lansdown head of policy Tom McPhail.
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Only a “comprehensive rethink” will be able to fix the “bloated, inefficient mess” of the current pension tax system, says Hargreaves Lansdown head of policy Tom McPhail.

Only a “comprehensive rethink” will be able to fix the “bloated, inefficient mess” of the current pension tax system, says Hargreaves Lansdown head of policy Tom McPhail.

In a letter to The Times, published today (21 January), McPhail said the tax system fails in "so many different ways" and needs to be formally reviewed in the upcoming Budget. He was responding to recent...

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