Image:
“A wholesale review of the system is needed as there are just too many wrinkles in the pension rule book that are causing trickle down complexity" - HL's Nathan Long.
The Treasury has clawed back more than £600m from breaches of the annual and lifetime limits on pensions savings, according to estimates from Hargreaves Lansdown.
On Thursday (26 September), HM Revenue and Customs (HMRC) issued an update on some of its personal pension statistics that revealed more than 37,000 savers were hit with annual allowance charges in 2017/18...
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 intelligence through our regular Pro Adviser poll.
- Be the first to hear about our events and awards programmes.
