Pension backlash as savers who lost £10billion to rogue schemes threatened with fines

  • 📰 Daily Express
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 68%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

PENSION SCHEMES sanctioned by the Government turned out to be 'scammers', resulting in tens of thousands of savers losing up to £10billion and being threatened with fines.

Those who fall foul of pensions liberation scams are often hit with an unsuspected tax bill which can be 55 percent - sometimes as high as 70 percent - of their pension pot.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 26. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Giovanna and Tom Fletcher apologise for claiming money from furlough scheme after backlashGIOVANNA AND TOM FLETCHER have taken to social media to issue an apology for using the government's furlough scheme to claim money during the pandemic, stating it was an 'error of judgement'.
Source: Daily Express - 🏆 26. / 68 Read more »

'I never dreamed I was entitled to benefits'Older people facing poverty are urged to claim Pension Credit - a gateway to further financial help. Something the BBC and British Politicians will never talk about is the fact that over 50% of the near £200 billion yearly welfare bill is given to those who earn or have an income higher than the average wage of £28k in the United Kingdom insidethewelfarestate
Source: BBCNews - 🏆 3. / 97 Read more »

Kopparberg faces boycott after removing adverts from GB News channelKopparberg is facing a furious backlash after it told social media users its advertisements had been 'immediately suspended' from the newly-launched GB News channel. Here's to Kopparberg, cheers 🍻 👍👍🍺🍺 Good on them pound to a penny they will be called woke I knew this would backfire on kopparberg Go woke go broke as they say 👍
Source: Daily Mail Online - 🏆 135. / 51 Read more »

Biden sparks outrage with claims press ‘never ask positive questions’ – ‘Not our job’JOE BIDEN has been met with backlash after the US President complained reporters 'never ask positive questions'. Old man just working out the press isn't there for his entertainment and making life easy
Source: Daily Express - 🏆 26. / 68 Read more »

Unilever launches refill scheme for toiletries including Simple and Radox81 per cent of British people want refillable products to be more accessible, a survey found
Source: The Independent - 🏆 80. / 59 Read more »

Ministers ‘reluctant’ to push furlough scheme for self-isolating workersTreasury reportedly pushed back on calls to raise awareness of how employers could ensure higher wages for isolating staff
Source: The Guardian - 🏆 84. / 53 Read more »