HMRC

Receipts are £400m higher than in the same period the previous year

‘People automatically think C-Suite execs would lead on retirement plans’

Client reviews can also be protection ‘check-ins

Total flexible withdrawals top £72bn since April 2015

Chancellor felt ‘forced’ to act as number of people caught increased

Fuelled by record June receipts and rising interest rates

Extensive changes need to be in place by April 2024

Insurance could be used as the government closes other loopholes

A potential big change made ‘through the back door'

Figures are a 13% increase from the £1.1bn collected this time last year