Don’t fall into tax trap by breaching pension limit

By Edie Bourne

Retirement-saving doctors are urged this month to check they are not over-rewarding the taxman.

Independent practitioners are among individuals generating record payments to the taxman by breaching strict yearly limits.

New figures show HM Revenue and Customs’ (HMRC) income from annual allowance breaches rose from £143m to £517m in 2016-17.