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Chancellor Most Likely To Cut Annual Allowance – Webb

by pensionsage.com posted 11months ago 30 views
A cut to the annual allowance is the "most likely” change to pensions tax relief that Chancellor Philip Hammond will make, Royal London director of policy, Steve Webb, has predicted. Following a report in The Times last week that said Hammond described pensions tax relief as "eye-wateringly expensive”, many in the industry now believe that pension contribution allowances will take a hit.

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