No rethink of pension freedoms tax despite £37m in overpayments

HM Revenue & Customs (HMRC) has said there will be no rethink of controversial emergency taxes on the pension freedom withdrawals made by millions of savers, despite pressure from the industry to change its approach. The current rules require providers to charge emergency tax the first time someone uses the pension freedoms to access their pension savings. As a result, …

Retirement ProfessionalsNo rethink of pension freedoms tax despite £37m in overpayments