A growing number of pension savers are penalised by the taxman for exceeding their lifetime allowance (LTA). But this was never the intention of the LTA and should be reformed urgently, writes Ian Browne
A Freedom of Information request recently revealed that tax paid to the Exchequer by pension savers who have exceeded their Lifetime Allowance (LTA) has increased by 80 per cent. The LTA, which was only...
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Responding to letter from Treasury Committee chair Nicky Morgan