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British public urged to be aware of poppy merchandise [problem]s READ MORE HERE: https://tinyurl.com/yazrpyph
As research shows fraudsters targeting people under-55 and encouraging them to access their pension early is on the increase, Which? investigates some of the causes. City of London Police figures show that in the 12 months to February 2016, £13.2 million was lost to pensions liberation [problem]s – an increase of 26% on the previous year. Pension liberation schemes target people under-55 and encourage them to withdraw or transfer their pension savings. However, pensions are designed to only allow savers access to their money after they turn 55. Accessing pensions savings before 55, unless in exceptional circumstances such as ill-health, is not permitted and consumers face losing up to 70% of their pot as a tax penalty. And yet we found that companies offering early pension release for those under-55 are clearly advertising their services online. These sites offer early access to pension savings, potentially exploiting consumer confusion with the new pension freedoms, and don’t explain the huge losses at stake, often charging exorbitant fees. Many of these sites, which could potentially be [problem]s, also appear prominently when searching online for phrases such as ‘cashing in your pension’ and could be contributing to an increase in pensions liberation [problem]s. The Financial Conduct Authority has issued a clear warning to savers about opting for early pension release, but adverts for early pension release often downplay the risks. http://press.which.co.uk/whichpressreleases/pension-[problem]s-cost-savers-millions/
HM Revenue and Customs (HMRC) is warning taxpayers to be on their guard against fraudulent phishing emails, after almost 75,000 fake emails were reported over the last six months. The emails promise you a tax refund, and often ask for your name, address, date of birth, bank and credit card details – including passwords and your mother’s maiden name. If you provide the information, money may be stolen from your bank account and your details sold on to other criminal gangs, which can lead to identity theft. If you are due for a tax refund, HMRC never contacts you by email – they always send a letter through the post. If you get an email which claims to be from HMRC, and which offers you a tax refund, you should send it to email@example.com and then permanently delete it. http://www.adviceguide.org.uk/england/news/whats_new_oct14_tax_refund_email_[problem]s.htm