Lib Dems propose £250K cut to LTA

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A Liberal Democrat paper prepared for the party's conference will call for the lifetime allowance on tax free pension savings to be cut from £1.25m to £1m.

The paper signals a departure from the Lib Dems previous stance, where the party called for a cut to pension tax relief for savers in the 40% tax bracket. It also rejected three policies on tax ...

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