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  • There is nothing to say you have to declare investments that you aren't currently earning from.

    Are you earning from a pension if you aren't withdrawing it? I think its only savings interest that you have to declare.

  • Correct, problem is he is thought to be drawing a pension. The pension is being paid net of tax but it's not yet clear at what rate this is being paid. It should be declared as income to calculate the total income for the year and the tax deducted at source should be included as already paid tax and if the tax deducted is only at the basic rate he would need to pay the additional tax. It looks like he has shoddy advisers saying it does not need to be declared. There is a lot of mileage if the claims are founded, this could be classed as evasion whereas dodgy Dave only had avoidance. Not a sinker but certainly a stinker.

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