Pension tax allowances have always proven fertile ground for governments in need of extra cash.
18/06/24
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Key Topics:
Pension tax allowances: The Conservatives have pledged not to introduce any new taxes on pensions, while Labour has not made a clear commitment and may consider a flat rate of tax relief.
Tax free cash and tax relief on contributions: These are important benefits for pension savers and should be maximised while they remain available.
Pension tax changes under Labour: There is uncertainty and speculation about what Labour might do if they come to power, but no concrete policy has been announced.
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