HMRC Is Shite

HMRC Is Shite
Dedicated to the taxpayers of Britain, and the employees of Her Majesty's Revenue and Customs (HMRC), who have to endure the monumental shambles that is HMRC.

Monday, 1 August 2016

HMRC Only Accepts Online Pension Fixed Protection Applications

The FT reports that pension savers must now apply online to protect retirement funds from tax charges for breaches of the new lower lifetime allowance.

As from April 2016, the allowance fell from £1.25m to £1m.

Last week HMRC launched an online service for savers to lock into a higher lifetime allowance than is currently in place. However, HMRC will now only accept online applications for Fixed Protection; those that are received on paper will be returned.

For more information on how to protect your lifetime allowance, visit

Tax does have to be taxing.

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