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"HMRC's statistics continue to provide useful snapshots of the personal pension world, although I suspect there are some more unusual figures to come as we get a full picture of how things changed over the last couple of years." - Jessica List
HMRC recently released a range of statistics relating to personal and stakeholder pensions. Below Jessica List summarises the highlights and what they may mean for advisers’ clients...
Lifetime allowance The HMRC data shows that 8,510 lifetime allowance charges were reported by schemes in the 2019/20 tax year. The charges had a total value of £342m - a 21% increase on the £283...
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