HMRC may not have as many friends as it claims to have ‘customers’, but is it value for money?
HMRC may not have as many friends as it claims to have ‘customers’, but is it value for money?
It’s been five years since the pandemic turned the world upside down. The experience provided lessons in many aspects of life, not least its potential fragility. During the lockdowns, many people became suddenly aware that they had no will or, if they did, it was woefully out of date.
The government has confirmed that there will be no revisions to automatic enrolment in workplace pensions for 2025/26. For a government facing an investment shortfall following a £40 billion tax increase, the figure of around £3,000 billion represented by pension assets would appear a very tempting source of capital.
While the end of the tax year on the 5th of April is a major focus of tax planning, it doesn’t end there. The following day may require much less immediate attention, but there is an argument for considering it to be just as important.