Royal London
HMRC pulls pension calculator after Royal London pressure
HM Revenue & Customs knew its pension tax calculator was giving incorrect data to users, but only pulled it once Royal London’s director of policy publicly slammed the tool.
Experts react to DB pension transfer ruling
Pension experts have welcomed the clarity the Financial Conduct Authority (FCA) has established for defined benefit (DB) pension transfers through its updated rules. But they warn further, lengthy, consultation may not be the best way to address issues of poor practice that have come to prominence in recent months.
HMRC hits back at ‘out of control’ over-taxing claim
HM Revenue & Customs has responded to a claim it is “out of control” by over-taxing people and then expecting them to claim it back.
Best Practice | 1 Feb 18
‘Out of control’ HMRC over-taxes by half a billion
HM Revenue & Customs has handed back just under half a billion pounds to individual taxpayers since April 2015, which Royal London says shows the organisation is “out of control” when it comes to over-taxing people and then expecting them to claim it back.
Tax & Technical | 29 Jan 18
Savers snared in £300m business tax
A UK budget measure aimed at corporates will eat into people’s savings, a government letter has revealed.