Labour vows to cut annual and lifetime allowances

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A Labour government would cut the annual and life time allowances that people can contribute to their pensions tax free, Ed Miliband has said.

The party leader said the lifetime allowance would be cut from £1.25m to £1m while the annual limit would be cut from £40,000 to £30,000 under a Labour government. These cuts, alongside a measur...

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