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IFS calls for Reeves to limit pension tax-free lump sum

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Summary
Nutrition label

80% Informative

Rachel Reeves rumoured to be considering shake-up of pension tax reliefs in October Budget.

Institute for Fiscal Studies said system offers generous tax breaks to those with biggest pensions.

Currently, savers can withdraw 25 per cent of their pension tax-free up to a limit of 268,275 .

But the IFS said Rachel Reeves should reduce the limit to 100,000 .

VR Score

82

Informative language

80

Neutral language

73

Article tone

semi-formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

2

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