Hammond likely to cut pension tax relief in Budget - Webb

After extra £3bn cost to Treasury

clock • 2 min read

Following a £3bn increase in the cost of pension tax relief, the Chancellor is poised to take another bite from the pensions pie, Steve Webb has warned.

The former pensions minister, turned Royal London director of policy, said it was likely Chancellor Philip Hammond would introduce additional cuts to the annual allowance at next week's Budget. ...

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