Pension Freedoms
7IM unveils retirement income solution
Pension freedoms ‘introduced a minefield of potential pitfalls’
Pension freedoms reform proposals ‘deeply controversial’
Capping the 25% tax-free lump sum could disincentivise people from saving into a pot
Pension tax refunds fall to £134m in 2022
Total value of overpayments since pension freedoms nears £1bn
Cost-of-living crisis triggers 23% surge in taxable pension withdrawals
£3.6bn was taken in the first quarter of this financial year
HMRC ‘quiet scandal’ as overtaxation of pension withdrawals soars
It has had to pay back £925m since pension freedoms were introduced