Quilter calls on UK gov't to relax Money Purchase Allowance for furloughed workers

Quilter has said it is calling on government to relax the Money Purchase Annual Allowance (MPAA) during the covid-19 pandemic. It has written to the Chancellor, Rishi Sunak, recommending a series of measures to avoid unfair pension tax penalties being imposed on people returning to work after this crisis. Quilter says it is concerned those age over 55 may use their pension to cover a loss of earnings during the covid-19 pandemic.  In order to prevent them suffering an unfair tax penalty wh...