VAT recovery on pension costs
On 18 June 2025, HM Revenue & Customs (HMRC) changed its policy on the recovery of VAT on investment costs. Effective immediately, employers can now treat all VAT incurred on investment management services for occupational pension schemes as their own input tax and reclaim it, in line with standard input tax rules.
Pensions snapshot - May 2025
This edition of snapshot looks at the latest legal developments in pensions.