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Record emergency tax paid on pension withdrawals

Record emergency tax paid on pension withdrawals

Pension withdrawals incurred a record £167m of emergency tax payments to HMRC in 2019/20, up from just over £90m in 2015/16, according to figures released today. HMRC data published today shows £166,619,969...

Coronavirus causes pension deficits to widen

WPA announces premium rebate details

WPA, the not-for-profit healthcare provider, has announced a rebate of approximately 40 per cent of monthly premiums for SME and retail customers during the coronavirus lockdown. The premium rebate will be rounded...

TPR Covid warning letter for DB transfers

TPR Covid warning letter for DB transfers

Pension schemes are being urged to send DB members looking to transfer a Covid-19 transfer warning letter highlighting the risks of doing so during the pandemic, following new guidance from the regulator...

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