I have just received a letter from Veterans UK saying I have exceeded my "standard tax-free pension savings limit of £40,000 for tax-year 2019-20 based solely on the growth in your FPS benefits,"
I am shocked to say the least, I am nowhere near OF4 level, nor likely to ever reach those dizzy heights. Is this a mistake or a new tax grab to off-set the McCloud Judgement by HMRC?
Any help is greatly appreciated as I have just submitted my self-assessment, which is now incorrect and will need amended
HG