This Is Money reports that HMRC have told Sipp provider AJ Bell that it could not divulge any reliable statistics on pensions:
"Pension scheme services is experiencing systems difficulties in collating intermediate level of detail in some areas. It is now clear that these problems may be more widespread.
IT is currently investigating this but it means the data we have already provided should not be relied upon. Until we are comfortable the data we produce is correct, it would be wrong to provide further summaries which may present a misleading and unreliable picture.."
It is hardly surprising that this situation has arisen, the tax and pensions rules in the UK are "insanely" complex. A cynic might conclude that they were made deliberately complex, in order to prevent ordinary people from understanding them.
Will the new government do something about this?
Aside from some window dressing, I doubt that there will be any major changes that will simplify the system (forthcoming changes to pension and CGT rules may well complicate it further).
Tax does have to be taxing.
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