Image:
Aegon pensions director Steven Cameron
HM Revenue & Customs (HMRC) cannot tell how many savers have paid pension contributions above the money purchase annual allowance (MPAA) and subsequently faced additional tax charges, Aegon says.
The finding comes after the provider submitted a freedom of information (FoI) request to HMRC asking for an exact number of breaches. In its response, HMRC confirmed it did not collect data from...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
