Next Generation Technical Support

News

HMRC tightens pension transfer regs in scheme liberation crack-down

HMRC tightens pension transfer regs in scheme liberation crack-down

HM Revenue & Customs today unveiled changes in the way pension schemes are to be registered and transferred, as part of a bid to crack down on so-called pension liberation schemes.

The changes, which take effect today, "are part of a Government-wide initiative, involving HMRC and other agencies" that are intended to "detect, disrupt and deter promoters" of such schemes, an HMRC spokesman said.

Please link to International Adviser to read the full article by Helen Burggraf.

Become a member for as little as £25/month