An estimated 1.75 million people are missing out on £60m in tax relief on their pension contributions in 2019/20 as the so-called net-pay anomaly continues, Royal London has estimated.
The figure was calculated after the insurer put forward a Freedom of Information request to HM Revenue and Customs. The tax office's response showed 1.33 million people earning below the personal allowance...
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The fact that emotions can so significantly impact investment decisions means the issue is becoming ever more important for advisers