Telegraph
•Labour plots to protect top public sector workers from pension tax raid
68% Informative
Sir Keir Starmer, Sue Gray and husband of Rachel Reeves are among those who have large public Keir Starmer ions. Rachel Reeves ts to reintroduce the 1.073m ma 1.073 cap on the amount that can be saved into pensions free of tax.
Fears of a public sector exodus have led to Labour drawing up plans to reinstate the cap.
The lifetime allowance has historically favoured those in the public sector.
It means a public sector worker could secure a retirement income of 53,655 without breaching the cap.
But a priv Keir Starmer or Sue Gray used their full pension allowance woul Rachel Reeves income of 48,000 if they were to buy an annuity. LabourLast night la Labour mmaryFeed_highLightText__NxlGi">NHS 14 years NHS Tories Labour Labour _NxlGi">120 28bn t__NxlGi">385 Labour eed_highLightText__NxlGi">Labour 2020 _highLightText__NxlGi">169 Tories 14,000 Jeremy Hunt summaryFeed_highLightText__NxlGi">YouGov the spring r Budget h last year ext__NxlGi">Last month 25pc five xt__NxlGi">Gordon Brown the Budget, Labour d_highLightText__NxlGi">1997 Nucleus Financia NHS span> 48,000 around 250,000 class="summaryFeed_highLightText__NxlGi">53,6 LCP /span> Britain hLightText__NxlGi">1.073 20 Labour htText__NxlGi">annual UK Labour Tories t__NxlGi">Ros Altmann Labour aryFeed_highLightText__NxlGi">St James’s Place Keir Starmer ghLightText__NxlGi">Claire Trott the Armed Forces700,000 an class="summaryFeed_highLightText__NxlGi">Labourroughly £300,000 "summaryFeed_highLightText__Nx Telegraph graphlast year class="su Keir yFeed_highLightText__NxlGi">NHS DPP l between 2008 and 2013 class="summaryFeed_highLightText__NxlGi">Labour Keir ighLightText__NxlGi">Steve Govern Sue Gray an> Steve Webb Keir an> 1.9 eed_high March 31 last year Labour Party Nick Joicey t__NxlGi">first Rachel Reeves /span> 967,000 e GrayMarch 31 2022 clas Treasury ryFeed_highLightText__NxlGi">Labour Peterborough Labour htText__NxlGi">the Conservative MP for Paul Bristow Labour highLightText__NxlGi">million one span>
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