According to the “Financial adviser” (an industry news-paper) there has already been £970,000 lost in Corona-virus linked pension scams since the start of February! Demonstrating further that even in these confusing times you can never be too careful with your savings and whilst the country is generally pulling together and achieving amazing things, there are always that one or two that will look to profiteer and act like scum bags.
As always, be very careful whom you are “receiving advice” from and especially what paperwork you are signing and check the Financial Conduct Authorities website to make sure your “advisers” are whom they say.
On another note, the Government has now announced billions in support for business’s, employees and the self-employed. Given society needs the money now (to stop everyone going bankrupt), HMRC are not going to be able to cope with the demand and policing of the arrangements therefore I expect the Government to effectively pay first and ask questions later. Therefore, it doesn’t take a rocket scientist to understand that some usually honest people may look to take advantage. After all, “its my money” or “it’s just a system to be played” – right?
WRONG – If you are tempted to “over-egg” any claims HMRC will have years to investigate your returns and you will probably find comeuppance is a very slow-burn indeed.
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