NewsThe TelegraphThe pension lump sum ‘emergency’ tax trap that could cost you thousands
Building a good pension takes a lifetime of hard work, so ensuring you are making the most of every pound is essential. But an unfortunate quirk of HM Revenue & Customs’ (HMRC) system means pensioners are frequently overtaxed – since 2015, retirees have overpaid more than £1bn in income tax. Last year, HMRC overtaxed pensioners by a record £200m.
NewsThe TelegraphHMRC overtaxes pensioners £200m after system errors
The taxman overcharged pensioners a record £200m last year because of “indefensible” quirks in the tax system left unfixed for a decade.
BusinessEvening StandardLoungers boss says 'the UK economy is holding up well' as sales grow
Sales at the chain grew by almost 25%
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