Chancellor Proposes Pension Tax Reform
This is a news story, published by CityAM, that relates primarily to Rachel Reeves news.
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larger pensionsCityAM
•IFS calls for Reeves to limit pension tax-free lump sum
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 .
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