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Thousands could face ‘huge’ tax bills for failing to report pensions growth

Thousands of pension scheme members could face large tax bills for failing to report pensions growth on their tax returns.

Thousands could face ‘huge’ tax bills for failing to report pensions growth
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  • Shared by CityAM
  • November 27, 2019
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HMRC said today it was aware some individuals have not reported exceeding the annual allowance for pensions contributions, which currently stands at £40,000.

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