Pension tax rate rumours compound industry fears

Widespread fears that HM Treasury is sending the wrong signal to savers trying to do the right thing

Hope William-Smith
clock • 3 min read

HM Treasury has planned a pensions "tax raid" this autumn to help fund public spending during the pandemic, according to reports.

Three different reforms to the way pension contributions are taxed are being considered The Telegraph said today (21 June), with one idea being to reduce the lifetime allowance (LTA) - which was fr...

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Hope William-Smith
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Hope William-Smith

Editor at Professional Adviser

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