Hundreds of thousands of people receiving company and personal pensions risk being overtaxed due to being given the wrong tax code and so should check it as a matter of urgency, Royal London has warned.
The group, which has published a new guide, Decoding your tax code, estimates some 800,000 people under state pension age are receiving pensions but should be non-taxpayers because their total income is...
Lane Clark & Peacock partner Steve Webb has called on the treasury to relax rules which could act as a barrier to people aiming to rebuild their pension pots when the Covid-19 crisis is over.
Market volatility means inaccurate CETVs
Nearly £1m lost already
Break in contributions not ruled out
Adds £60m of assets
Up to £2,500 a month