Pension tax changes affect planning
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pension tax rulesTelegraph
•The chancellors who moved the retirement goalposts 33 times – and made pensioners poorer
67% Informative
The annual allowance rose each year from 215,000 to 255,000 in 2010 .
George Osborne , another former chancellor, dramatically slashed the cap to just 50,000 .
Workers in defined benefit pension schemes faced unexpected tax penalties when their pension growth exceeded the lower cap.
The lifetime allowance has been similarly tampered with.
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