HMRC cracks down on pension fraud

Freelance journalist
Share this content
0

 

HMRC has set up a team to investigate fraud in pension “unlocking” schemes giving people early access to their pensions.

“Companies offering them are potentially landing clients with serious problems down the line because pension ‘liberation’ payments are not intended by tax law and so could have serious tax consequences for both individuals and companies involved,” HMRC said. "In addition, the fees charged mean those using these schemes risk financial loss on top of repaying the tax relief.”

Please Login or Register to read the full article

Replies

Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.