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New chancellor urged to make pension pledge and avoid Rachel Reeves’ £10bn mistake
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NEWSDECK ANALYSIS
The issue of pension taxation has been a contentious topic in recent years, with concerns over potential changes to lump sum withdrawals sparking uncertainty among retirees and those approaching retirement age. The previous chancellor, Rachel Reeves, faced criticism for not addressing these concerns, which were estimated to potentially cost £10bn. Clarifying the government's stance on pension taxation could help to alleviate anxiety and provide financial stability for those affected.
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Independent Business
New chancellor urged to make pension pledge and avoid Rachel Reeves’ £10bn mistake
The former chancellor failed to shut down rumours that lump sum withdrawals would be taxed
3 Aug, 10:43
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