Tax authorities have recouped more than £230m in charges from retired people caught out by the introduction of a cap on lifetime pension savings, according to official figures.

A Freedom of Information request submitted to HM Revenue & Customs, and seen by the Financial Times, showed nearly 4,000 individuals faced tax bills averaging almost £50,000, between 2007-08 and the current financial year.

Reported by the Financial Times. You can read the full story here. 

I am a journalist and author. I am a journalist at the UK edition of WIRED magazine. In 2015, my first book Freedom of Information: A Practical Guide for UK Journalists, was published. My second book Reed Hastings: Building Netflix, was published in March 2020. I created FOI Directory in 2012 and have maintained it in my spare time ever since.