Analysis finds total amount of overpaid tax paid out since 2015 is approaching £1.2bn
Over £1.1bn has been reclaimed in overpaid pensions tax since freedoms were introduced
PP’s regular columnist looks at HMRC’s idiosyncratic approach to simplification
Trade body says current tax rules discourage savers from using pensions to fund care
The Association of Consulting Actuaries (ACA) has called for sensible initiatives to simplify the processes of the pensions tax system.
The number of savers opting to withdraw a tax-free lump sum from their pension has dropped more than 53% since the start of the coronavirus pandemic, according to the Association of British Insurers (ABI).