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HMRC Gains New Powers in Fight Against Pension Liberation

The most trumpeted aspect of George Osborne’s Budget 2014 was undoubtedly his self-proclaimed “most far-reaching reform to the taxation of pensions since the regime was introduced in 1921″. However, alongside this much needed shake up of the pensions system came an equally vital but less newsworthy change: greater action against pension liberation. Budget 2014 has…

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HMRC Tightening Up on QROPS as Pension Liberation Moves Offshore

Under increased scrutiny from The Pensions Regulator and its affiliates, pension liberation scammers have changed tack; falsely marketing QROPS and other offshore pensions as means of accessing one’s pension pot early, a recent industry forum heard. The news came through HMRC’s latest Pension Stakeholder Forum, and highlights how pension liberators are becoming more sophisticated in…