Charlene Young: Compensation rule flaws add insult to injury

Three examples of compensation rule issues

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Charlene Young: "Bring the treatment of compensation payments for SIPPs in line with ISAs."
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Charlene Young: "Bring the treatment of compensation payments for SIPPs in line with ISAs."

Charlene Young lists three examples where tax rules on compensation payments are being applied inconsistently - which results in investors who have already suffered a loss being further penalised...

A lack of consistency in the tax rules for compensation payments, and the way HM Revenue & Customs (HMRC) guidance is applied, is creating more problems for investors who have already suffered a fi...

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