Budget freedoms branded as short-sighted tax collection exercise

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The Budget pension freedoms are a tax collection measure set to drive short-term spending with long-term consequences, Punter Southall has warned.

Principal Danny Vassiliades said today that government figures showed the Treasury would net an extra £1.2bn in tax receipts in 2018-19 as a result of the reforms. "With this policy, [the Chance...

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