Do the NEST limits really matter?

Rachel Dalton questions the push to lift the contribution cap for NEST

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Last week shadow pensions minister Gregg McClymont was up in arms about the annual contribution limit of £4,400 per year (in 2012/2013, increasing each tax year).

McClymont said the limits will dissuade workers from saving as much as they can, but his panic over NEST contributors being held back by the limits is disproportionate. NEST was set up to ensure...

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