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In the spotlight are implications of recent budget announcements on advice, domicile and residency considerations
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In the spotlight are implications of recent budget announcements on advice, domicile and residency considerations
HMRC's 'archaic' tax system is 'desperately' in need of an overhaul, experts have said.
A record £198m was repaid on flexible pension withdrawals for the tax year 2023/24, latest HMRC data shows. The data also shows that over £42m was repaid in the first three months of this year. In total, over £1.2bn has been repaid by HMRC in overpaid tax on flexible pension withdrawals. John Chew, pension, tax and
New research from Canada Life found that almost one third of UK adults who have checked their tax code were on the wrong one - with around 6% being on the wrong one in the last year
There is a time limit to claim any overpaid tax from HMRC, so people are urged to act fast.