Chancellor hits pensions harder than banks - NAPF

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The Chancellor has chosen to hit pensions twice as hard as the banks, the National Association of Pension Funds has claimed.

George Osborne announced in his Autumn Statement today that the annual tax-free allowance will be cut from £50,000 to £40,000 in 2014/15, while the lifetime allowance will be reduced from £1.5m to ...

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