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The LITRG has warned of the consequences of the planned reduction from this April in the pension money purchase annual allowance (MPAA) from £10,000 to £4,000 a year, especially for those with limited money.
The LITRG have welcomed HMRC’s commitment to carry out a review of all summer 2016 decisions made by Concentrix that have not already been challenged by claimants and to improve their compliance processes for 2017 and beyond.