HMRC data shows effect of LTA and annual allowance restrictions pre pension changes
2 October 2023
The number of savers caught out by the pension annual and lifetime allowances jumped in the 2021/22 tax year before the introduction of new pension rules, data from HM Revenue and Customs has shown. Annual allowance charges, which had been plaguing the public sector and NHS doctors in particular, rose sharply from 43,870 individuals...