Quick Answer: Here’s something strange. For over ten years, about a million of Britain’s lowest-paid workers have lost out on pension money. It wasn’t fraud. It wasn’t bad advice. It was a rule so obscure that most people never knew it existed. HMRC is now trying to fix this. Letters have started going out. But […]
HMRC has apologised for a nine-year state pension forecast error affecting thousands. This happened due to an error in the forecast tool, which left up to 800,000 people with inflated retirement estimates. The mistake, which dated back to the tool’s launch in February 2016, failed to correctly account for people who had “contracted out” of […]
HMRC opened 4,940 inheritance tax investigations last year. That’s the highest number in six years, up 18% on the year before, and most of the people caught up in it aren’t hiding money offshore. They’re ordinary families who inherited a house, sorted out a parent’s estate as best they could, and got a letter a […]