Why the Chancellor would be wrong to rule out a further reduction in the annual allowance

Jonathan Stapleton
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This morning newspaper reports said George Osborne is expected to reject calls to cut the tax-free annual pension contributions limit from £40,000 to £30,000 in his Autumn Statement.

The article in The Daily Telegraph said the Chancellor had been considering lowering the maximum pension-holders can save while getting tax relief from the government from the current £40,000 a yea...

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