Chancellor Sunak 'likely' to freeze lifetime allowance

clock • 2 min read

Chancellor Rishi Sunak has plans to freeze the lifetime allowance for the rest of the current parliament in a "stealth tax" on the wealthy, according to reports.

The allowance freeze will raise £250m a year, The Times reported. If the lifetime allowance rose alongside inflation, as it currently does, it would increase by a further £88,900 by the end of the ...

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