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HMRC took over £1bn too much tax from pension lump sums

by Fusion | Nov 7, 2017 | HMRC, Pensions, Tax

BBC’s money box reported this week that their research has shown that HMRC has taken over £1bn too much tax from pension scheme lump sums. The issue comes down to the way that the PAYE (Pay As You Earn) system taxes an individual when they first start to take...

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