Second technical note sets out process for scheme administrators within customer journey
Consultants expect significant operational challenge as reforms come in
Data shows pensioners are also paying more tax in retirement
Trade body says changes are needed to protect savers from unintended tax charges
Baroness Ros Altmann says the policy is ‘fraught with dangers’
HMRC guidance on VAT recovery on pension investment costs, DB surplus flexibility consultation, GMP conversion tax changes
Move likely to reduce tax recovery options for employers
The body said regulations would apply from the 2027/28 tax year
FOI request shows nearly three million will cut back on contributions once salary sacrifice changes come into force
Law firm warns of complexity and risk for families and executors