HM REVENUE & Customs is examining alternative methods of taxing trivial commutation lump sums in a bid to make the process easier, PP can reveal.
Currently a member with a pension fund eligible for trivial commutation can receive 25pc tax free while the remaining 75pc is taxed using an emergency tax code on a month one or week one basis which can...
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Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point