HMRC corrects LTA legislation to relieve stuck pensions

The new pension tax rules are now over six months old. But still, they are not yet completely correct. Only two days before the start of the tax year, HM Revenue & Customs (HMRC) published a newsletter cautioning that parts of the legislation were wrong, and warning that some pension scheme members may need to wait until changes were made before taking or transferring certain benefits. The result is that some pension schemes have been unsure whether paying out or transferring would land pension savers with a later unwanted tax bill, leaving some people effectively stuck in the same pl...