Former pensions minister Steve Webb has called on the government to end its 'tax first, ask questions later' approach to taxing pension withdrawals under pension freedom legislation.
In Royal London's submission to the Work and Pensions Committee inquiry on pension freedoms, director of policy Webb (pictured) said HM Revenue and Customs (HMRC) should change the way it taxes lump sum...
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More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
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