High-earners are missing out on millions of pounds by failing to take advantage of a connection between pension contributions and child benefit entitlements, a study from provider Royal London has found.
The firm said hundreds of thousands of working families were unaware that HM Revenue & Customs (HMRC) determines the ‘High Income Child Benefit Charge' based on income net of pension contributions...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Tap into our community intellignece through our regular Pro Adviser poll.
- Be the first to hear about our events and awards programmes.
