HM Revenue & Customs (HMRC) must evaluate the benefits that are provided by pensions tax relief, MPs have said amid concerns the tax office does not understand the impacts.
In a report published on 20 July, the Public Accounts Committee (PAC) said the government could not conclude whether the £38bn estimated immediate cost of pensions tax relief in 2018/19 was effective....
All the action in todays’ Budget 2021 lay elsewhere as the small print revealed ISA annual subscription limits remain unchanged for 2021-22.
Summer grant subject to “turnover test”
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