OTS report calling for pension taxation review welcomed

‘Review’ tapered annual allowance

“Ideally the government would listen carefully to this report and make changes, but in the past, HM Revenue and Customs has treated OTS recommendations with contempt" - Royal London's Steve Webb.
“Ideally the government would listen carefully to this report and make changes, but in the past, HM Revenue and Customs has treated OTS recommendations with contempt" - Royal London's Steve Webb.
  • LinkedIn  
0 Comments

The latest Office of Tax Simplification (OTS) report to address the complexities of pensions taxation has been dubbed "a very sensible manifesto" by former pensions minister Steve Webb.

The report covered a range of contentious issues, including the complexities of pension tax limits, notably the tapered annual allowance and the combined effects of the annual and lifetime limits. It said...

More on Retirement

More news