The saga of pension savers being overtaxed when making withdrawals has rolled on for years and shows no sign of slowing down.

HM Revenue and Customs (HMRC) recently introduced a new £10 per day late filing fee for people who have still not submitted their Self Assessment tax return. Personal finance experts warn that even ...

It basically means telling HMRC that you'll soon need to complete a tax return. You have until 11.59pm tonight (October 5) to tell the taxman that you need to register as a self-assessment taxpayer.

In response, an HMRC representative explained: "The threshold is £1,000 gross in a tax year, so if you earn more than that in a tax year (resetting on 6 April) then you'd have to register as self ...