
HMRC Confirms No Reversal on Pension Lump Sum Withdrawals
HMRC is set to confirm that pension savers cannot reverse tax-free lump sum withdrawals, ending a 30-day cooling-off period option amid a surge in withdrawals.
#Pensions#HMRC#UK Economy
2 articles tagged
HMRC is set to confirm that pension savers cannot reverse tax-free lump sum withdrawals, ending a 30-day cooling-off period option amid a surge in withdrawals.
UK pension savers face significant tax changes from April 2027, as rising state pensions become taxable and inheritance tax rules expand to include pension pots.