Separate threats of 'catastrophic' and 'life-changing' tax bills; and a question mark over regulated firms - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
How paying one penny into your pension could cost you £432,500 in tax Around 100,000 people could receive "gargantuan" tax bills as a result of a landmark court battle lost by Lloyds Banking Group, this Telegraph article warns. The judgment from late last year ruled Lloyds must comply with regulations to equalise payments between men and women and as a result, the Telegraph says, more British companies are also being forced to adjust pensions of current and former staff. While this does seem like a positive move and some people will now receive bigger pensions, those who have previousl...
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