A misunderstanding of the way tax free cash can be taken from a pension could cost customers a tax charge of up to 70%.
HM Revenue and Customs has confirmed people can split pension transfers and still keep enhanced protection.
HM Revenue and Customs have issued revised rules on stand-alone pension lump sums in an effort to ‘plug various loopholes'.
WEALTH MANAGEMENT FIRM, St James's Place has beaten City forecasts with a 52% increase in first-half operating profits, reports The Daily Telegraph .
Hargreaves Lansdown is launching a major campaign to try and keep Alternatively Secured Pensions open to all consumers.
An apparent loophole which may allow individuals to pass on money from their pensions without attracting an Inheritance Tax (IHT) charge is being investigated by Her Majesty's Revenue and Customs (HMRC).
RESOLUTION IS IN talks to buy Abbey National's life insurance business in a deal that could be worth up to £4bn, reports The Guardian .
Enhanced protection forms published by Her Majesty's Revenue and Customs (HMRC) are causing confusion among scheme members and advisers.
Selestia has entered the pensions market for the first time after receiving the relevant permission from Her Majesty's Revenue and Customs (HMRC).
A LONG-AWAITED report into the dominance of the Big Four accounting firms was welcomed by auditors yesterday after it declined to make any policy recommendations, reports The Times .