OTS pension tax proposals risk further hike in costs to government

Hope William-Smith
clock • 1 min read

Proposals put forward by the Office for Tax Simplification (OTS) to pass pension data directly to HMRC will likely help savers but add millions more to the cost of pension tax relief, Lane Clark & Peacock (LCP) says.

A consultation from the OTS published earlier this week (27 January) laid out proposals on whether information from third parties, such as pension companies, could be sent directly to HM Revenue an...

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