No HMRC data on how many savers breach MPAA

A freedom of information request submitted by Aegon did not return an answer

Hope William-Smith
clock • 1 min read
Aegon pensions director Steven Cameron
Image:

Aegon pensions director Steven Cameron

HM Revenue & Customs (HMRC) cannot tell how many savers have paid pension contributions above the money purchase annual allowance (MPAA) and subsequently faced additional tax charges, Aegon says.

The finding comes after the provider submitted a freedom of information (FoI) request to HMRC asking for an exact number of breaches. In its response, HMRC confirmed it did not collect data from individual...

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