Higher offshore tax evasion penalties explained
The UK taxman has updated its factsheet on how it calculates new penalties for offshore tax evasion involving income tax, capital gains tax and...
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UK watchdog reveals plans to ‘fix’ pension freedoms
The UK's Financial Conduct Authority (FCA) has today published its long-awaited Retirement Outcomes Review, with plans to 'fix' the problems that have...
Pensions News -
Where has £17.5bn of pension freedoms money gone?
About £3bn ($3.9bn, €3.4bn) that has been flexibly withdrawn from UK pensions is currently sitting in low yield bank accounts, with investors...
Pensions News -
Brexit promise could see UK pensions raided
UK prime minister Theresa May shocked many political observers when she promised a £20bn ($26.4bn, €22.8bn) funding boost for the National Health...
Pensions News -
Pension transfers hit record £10.6bn in first quarter
The belief that UK pension transfers peaked in 2017 has been proven wrong as figures from the UK's Office for National Statistics (ONS) show £10.6bn...
Pensions News -
HMRC unveils pension freedoms tax simplification move
The UK's Office of Tax Simplification has today published a review entitled 'Savings Income: Routes to Simplification', designed to help people...
Taxation News