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Rachel Reeves plans to slash tax-free pensions lump sum in clampdown
Rachel Reeves is to consider cutting the tax-free pension lump sum in a move that would be expected to raise more than £2bn a year. People earning £35,000 or more will still receive the benefit in their bank accounts – but will then be forced to pay it back in tax.
The pension tax raids Reeves could make in the Budget - and who they would target
Savers get tax relief when they pay into a pension. There is tax relief of 20 per cent for basic rate-payers – those earning under £50,270 – with higher and additional rate taxpayers able to get 40 per cent and 45 per cent back respectively.
The Treasury is reportedly looking at major reforms, making it more difficult for wildlife concerns to hold up developments ...
Rachel Reeves has been warned that Britain’s finances remain “chronically weak”, as new figures revealed she is still maxing ...
Chancellor Rachel Reeves declined to be drawn on any tax hikes ahead of the autumn Budget amid reports officials are looking ...
Chancellor Rachel Reeves is considering allowing only one opportunity to bring any challenge to environmental protections and ...
The Treasury is reportedly mulling plans to raise money from a tax on the sale of homes worth more than £500,000 ...
A London pub chain applying a 4pc service charge to drinks bought at the bar has blamed Rachel Reeves’s National Insurance ...
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