Buzz: Industry split over capping tax-free cash

clock • 1 min read

The industry is divided over whether there should be a cap on how much money defined contribution savers should be able to take as a tax-free lump sum, PP research finds.

While 48% supported imposing a limit, 49% rejected the idea. Advocates of a cap suggested it should be anywhere between £100,000 and £250,000. One supporter explained: "This would be long ove...

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