Published On: Thu, Feb 27th, 2020

Pension warning: The unauthorised payments that can trigger a 55% charge

PENSION schemes could face a hefty tax charge for any unauthorised payments. Up to 55 percent could be charged on payments from a pension provider if they make any payments outside the government’s tax rules and regulations. Some of these unauthorised payments can come across as deceptively beneficial, meaning that those approaching retirement age should keep a wary eye open.
Daily Express :: Finance Feed

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Pension warning: The unauthorised payments that can trigger a 55% charge