Pension simplification gets go-ahead - papers 10 March

The NAO says some 10,000 people will be caught out by the rule, but the figure is still within the government’s wider suggested range – and much lower than some previous industry estimates. Uncertainties remain, the NAO’s report says, not least because the “thin” evidence relied on by the government to do its own calculations of the costs and benefits of simplification. Overall, however, its findings support the government’s move to simplify the taxation of pensions, the FT says. The Daily Telegraph takes a different tack, suggesting that the NAO’s figures are still double previous go...