According to pensions expert John Doe, the recent amendments to the Finance Bill regarding auto-enrolment are "sneaky" and could result in higher taxation for those in the mandatory pension scheme, particularly impacting their retirement funds.
Doe highlighted that while the intention behind the auto-enrolment scheme is positive, the last-minute legislative changes could mean that individuals, upon withdrawal, may face tax rates as high as 47%, potentially negating the benefits of their savings.
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