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Friday, 24 October 2014 11:26

HMRC hits back over 45% tax claims

The taxman has rubbished a report stating that many retirees will be "clobbered" with a 45% tax next April.

Changes to pension rules have provided members of older schemes with a "rare window of opportunity" to transfer to a new pension arrangement and retain any higher tax-free lump sum, a Sipps firm believes.

The James Hay Partnership has reported a "dramatic" increase in funds on platform.

A veteran pensions consultant with over 30 years of expertise, specialising in Sipps and SSAS, has left City Trustees to join Talbot and Muir.

More than six out of ten complaints about Sipps to the Financial Ombudsman Service have been upheld since 2013.

Britain is "sleepwalking towards an impoverished retirement" due to a major shortfall in retirement savings, a firm behind a year long study has warned.

The Citizens Advice Bureau has replaced the Money Advice Service as one of the two partners to deliver the pensions guidance guarantee.

The pension reforms risk creating another PPI-style scandal, a financial services firm's founder says.

The increasing number of adult children living with their mum and dad could be sapping their parents' savings and affecting their plans for retirement, a think tank has warned.

More people will put commercial property into Sipps and SSASs as a result of the end of the death tax, making property investment much more attractive, a Sipps firm has predicted.

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