Post-election manoeuvres could threaten tax free lump sums

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Retirement savers should consider taking their tax-free lump sum now to avoid possible new tax charges after the general election, BDO Investment Management says.

Actuarial director John Broome Saunders warned the next government could introduce a lower-rate tax on the whole lump sum but increase the current 25% allowance to offset this. Broome Saunders s...

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