04 January 2019
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Malcolm Mclean: The proposal would almost certainly receive a hostile reception from consumers
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 the tax-free...
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