The introduction of the loan charge, which is an extra fee on top of the tax owed, was announced in the 2016 Budget and confirmed in the 2017 Finance Bill.
The data also showed that the typical taxpayer over the state pension age now pays £3,400 per year in income tax, up from £3,000 in 2011/12.
If you’re a parent or grandparent putting savings into a Junior ISA, you’ll also want to adjust the family’s contributions to ensure you’re making the most of the new limit, which has risen from £4,260 to £4,368.
The US SIPP is administered by Momentum in the UK and is only available through regulated advisers in the United States and Europe, including FCA-regulated advisers in the UK, the company said.
The IMF has for several years, with increasing urgency, been prodding the Government to address the multi-billion dollar liability it and Bahamian taxpayers face as a result of unfunded civil service pension liabilities.
An average male worker could gain around £3,000 by deferring for a year and a female worker, with a longer life expectancy, could be around £4,000 better off over her retirement