Reeves eyes £2bn raid on tax-free pension lump sum

Telegraph reports PCLS cut could help plug £50bn hole in public finances

Jonathan Stapleton
clock • 3 min read
Rachel Reeves Credit: HM Treasury/Flickr
Image:

Rachel Reeves Credit: HM Treasury/Flickr

Chancellor Rachel Reeves is considering cutting the tax-free pension lump sum in a bid to save more than £2bn a year.

Speculation has intensified over summer following a bruising forecast from the National Institute of Economic and Social Research (NIESR) that Reeves could face a deficit in the public finances as ...

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