HM Revenue & Customs

L&G hits £30bn in AUM, AE thresholds maintained, HMRC overhauls pension withdrawal tax system

Former pensions minister welcomes ‘victory’ ending system which overcharged pensioners by £1.3bn

Industry outlines alternative IHT/pension strategies as HMRC consultation closes

Service will address NHS employer pensions tax rollback, with members able to easily claim refunds

Group calls for change in the way pension and investment fraud victims are treated by HMRC

Regulations laid before parliament to fix LTA errors

HMRC says further regulations will be introduced when ‘parliamentary time allows’

‘Reviving the LTA may be under consideration’

LCP says further changes to LTA rules could disrupt members’ retirement plans

Regulations relate to omissions in the Finance Act 2024 regarding LTA abolishment