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Neil MacGillivray: "The PAYE system has many quirks and is reliant on an accurate tax code that can only be provided by HMRC."
Real-time information has improved the speed with which adjusted PAYE tax codes can be applied but, warns Neil MacGillivray, advisers should make sure their clients are aware they may be overtaxed and what to do if this happens
One of my colleagues sent me a link to a Radio 4 Money Box podcast where Paul Lewis claimed hundreds of thousands of people who had used pension freedom to take lump sums had been overtaxed by thousands...
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