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Royal London director of policy Steve Webb has called for an end to what he called the “absurd” way pension withdrawals are taxed.
HMRC has taken down a web page, which allows users to check how much money they can put into a pension, after “blunders” were spotted by tax experts at Royal London.

Sipp experts have warned that a provider’s legal triumph in its battle with HMRC over in specie contributions is “not the end of the story”.

A Sipp provider has won its legal battle with HMRC over in-specie contributions.
Royal London’s director of policy Steve Webb, a former pension minister, believes that HMRC is “out of control” when it comes to over-taxing savers using pensions income withdrawal or buying a second home.
The government has introduce a second finance bill today which will reinstate many of the changes delayed before the general election, including the MPAA cut which is back-dated to April.
James Hay is fighting an HMRC charge of nearly £2million in connection with a probe into a non-standard investment.
Those of a certain vintage will remember the animated children’s TV programme, “Mr Benn”, where each episode featured the line, “and then – as if by magic – the shopkeeper appeared”.
Over 230,000 people have used the new pension freedoms introduced one year ago, new HMRC statistics have shown this morning.

The government will be sending personal tax summaries to 24m taxpayers annually from today.

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