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It seems a long time since we had an annual allowance (AA) of £255,000. These days most pension savers are restricted to £40,000, but the money purchase annual allowance (MPAA) and the horribly complex tapered annual allowance (TAA) impose significant further restrictions for many. HMRC’s pension contribution statistics for 2016-17 tax year give us the first indication of the impact of the tapered annual allowance, and it’s not pretty.
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The FCA began regulating the claims management industry from today.
Savers could be short-changed by as much as £40,000 unless changes are made to the way auto-enrolment minimum contributions are calculated.
Mattioli Woods to expand SIPPs availability in Northern Ireland with £4m acquistion of Belfast-based SSAS Solutions.
7IM chief executive Tom Sheridan is to stand down with the firm announcing his replacement today.
HMRC has won a £40m legal case against tax avoidance scheme promoter Hyrax Resourcing Ltd.
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