Think tank urges government to cap tax-free lump sums at £40,000

Holly Roach
clock • 3 min read

Capping the pension tax-free lump sum at £40,000 would raise £2bn a year for the government, new research by the Resolution Foundation suggests.

The think tank said tightening up inheritance tax and removing expensive wealth subsidies would also save the government money, and suggested a small change would reduce the maximum generosity of t...

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