TaxWorldWeb – International Tax News

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HMRC has steadfastly refused calls to re-think its stance on the taxation of pension freedoms withdrawals. The UK taxation body has underlined its stance in its latest newsletter stating that – despite calls for change – it will not be revisiting the policy. Under existing rules providers are required to charge ‘Month 1’ emergency tax the first time someone uses the pension freedoms to access their retirement pot.




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