HMRC

HMRC has backtracked on rules that could have left some investors trapped in poor personal pensions, in response to pressure from pension providers.

Advisers must ensure clients are not caught out by little-known flexible drawdown rules this year, SIPP provider Talbot and Muir warns.

HMRC workers who are members of the Public and Commercial Services Union (PCS) are threatening to strike over a new employee sickness policy.

Pension experts warn investors could be stuck in poorly performing plans, as transfering out could lead to a loss of income following changes to drawdown rules.

The proposed changes to pension input periods (PIPs) are "appallingly drafted" and will lead to further confusion over pension tax, experts have warned.

SIPP and wrap providers who do not currently pay VAT on fees for their services could find they are actually liable, warns Malcolm Small, policy director at the Tax Incentivised Savings Association (TISA).

Clients due FSCS compensation after investing in Keydata via their SIPP should beware unforeseen tax charges when they receive payment, providers warn.

HSBC chairman Douglas Flint has warned major UK banks are bringing forward potential plans to relocate overseas due to uncertainty over the future regulatory structure of the financial sector.

HMRC will stage a series of open meetings to discuss the ‘substantial amount of work' remaining on the reclassifying protection business for providers under a new tax regime.

A high court judge has moved to bring an end to a three-year legal battle between HMRC and a qualifying recognised overseas pension scheme (QROPS) trustee.