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HMRC guidance on new pension flexibility

Following the Budget announcements regarding pension flexibility HMRC have now issued some guidance for those individuals who may wish to review their pension options.

New rules are being introduced to ensure that people do not lose their right to a tax-free lump sum if they would rather use the new flexibility this year or next, instead of buying a lifetime annuity.

Internet link: Pensions flexibility

Latest News for Business Archive

Relief at HMRC's reversal of helpline closures

HMRC's decision to halt its plans to restrict taxpayer helplines and direct people to online services instead has been met with relief by the Federation of Small Businesses (FSB).

08 Apr 2024

Jeremy Hunt cuts NICs again in the Spring Budget

The Chancellor made further changes to National Insurance contributions (NICs) following the cuts made in the Autumn Statement 2023.

08 Apr 2024

Business groups say challenges remain despite encouraging Budget

The UK's business groups warned that challenges remain despite the Chancellor delivering an encouraging Spring Budget.

08 Apr 2024

Latest News

08 Apr 2024

Relief at HMRC's reversal of helpline closures

HMRC's decision to halt its plans to restrict taxpayer helplines and direct people to online services instead has been met with relief by the Federation of Small Businesses (FSB).

08 Apr 2024

Jeremy Hunt cuts NICs again in the Spring Budget

The Chancellor made further changes to National Insurance contributions (NICs) following the cuts made in the Autumn Statement 2023.

Testimonials

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Limited company in Dorset

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