Welcoming the Government’s proposals for the tax framework for the secondary annuities market which is intended to come into force next April, LITRG noted that this should put everyone, both pre- and post pensions freedoms introduced last year, on an equal footing.
In a response to the Government’s consultation to a new Public Financial Guidance service, LITRG has welcomed in principle the proposed abolition of the Money Advice Service and merging the functions of the Pensions Advisory Service with Pension Wise.
In this report, we consider and use a range of complementary and supporting evidence, including face-to-face, telephone and online research, to comment on whether government digital services such as GOV.UK, GOV.UK Verify and HMRC’s digital tax accounts and their supporting material meet the needs ...
LITRG has responded to the HMRC consultation document on the implementation of the Personal Savings Allowance (PSA), which will be introduced and take effect from 6 April 2016.
The LITRG welcome the opportunity to give evidence to the inquiry into the guidance and advice on offer to people navigating the new pensions system. We urge HMRC to ensure that their staff are fully aware of the tax issues surrounding the new flexibility and suggest they should consider ...
LITRG were among those asked to submit comments to HMRC to inform their review of how the implementation of RTI (Real-Time Information) had gone. RTI is the system whereby employers and pension providers are required to notify HMRC electronically of any payments they make to employees or ...