Experts react to reports of pensions tax raid in UK Autumn Budget

clock • 8 min read
Experts react to reports of pensions tax raid in UK Autumn Budget

The UK's Treasury is lining up another raid on retirement savings incentives to help pay the costs of COVID, according to media reports. Possible interventions at the Autumn Budget include lowering the lifetime allowance, introducing a flat rate of tax relief or taxing employer contributions Any of these measures risk causing lasting damage to the retirement prospects of ordinary savers Downing Street has repeatedly dismissed the possibility of scrapping the "triple lock" system, whic...

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