High earners may need to pay for any breaches of their tapered annual allowance out of their own pocket due to restrictions on providers' 'scheme pays' facilities, experts have warned.
According to a report in the FT, HM Revenue & Customs has not made it mandatory for schemes to offer 'scheme pays', leaving savers potentially stranded when it comes to settling their new tax bills...
'Select the right BR investments'
Lack of understanding
Popular offers in high demand
Increase from April 2020
Follows extended period of underperformance
400p per share
Search for replacement has started
At times when scandal tears through the industry, David Boyle believes in the importance of regrouping, learning and making sure all bases are covered with sound due diligence practices