MPAA

MPAA awareness 'very low' - Canada Life

The Money Purchase Annual Allowance (MPAA) has created a pensions tax trap for millions of people aged over 55, according to new research.

Fear of mass MPAA breaches as pensions tapped

The cost of living crisis could lead to mass breaches of the money purchase annual allowance (MPAA), as more people flexibly access taxable income from their retirement pot to cover increased costs.

MPAA damaging plans for pandemic retirees - report

The Money Purchase Annual Allowance (MPAA) poses hidden risk to over 55s who have accessed their pension early due to the Coronavirus pandemic, according to a new report.

1,000 pension savers a day hit by MPAA trap

More than 1,000 pension savers were hit every working day in 2020 by the Money Purchase Annual Allowance (MPAA), according to new analysis.

Tax change needed to rebuild pensions - Webb

Former Pensions Minister Steve Webb has urged the Treasury to scrap or relax rules which will limit people’s ability to ‘rebuild’ their pensions when the Coronavirus crisis ends.

Criticism of 'nonsensical' cut to MPAA

The government has introduce a second finance bill today which will reinstate many of the changes delayed before the general election, including the MPAA cut which is back-dated to April.

ABI urges govt rethink on MPAA proposals

The Association of British Insurers has urged the government to put on hold its plans to curtail tax relief for pension freedom users.

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