Rachel Reeves is gaining a reputation as the nation's pension thief in chief. Absurdly, Labour views this to be anyone on moderately good earnings paying higher rate tax, along with individuals who have set aside prudent sums for their old age. Warnings: Rachel Reeves has allowed a climate of fear to build up ahead of the Budget - but will she raid pensions? Reeves is also understood to have abandoned plans for re-imposing the lifetime limit on pension nest-eggs, also because of the ill-effects on some better-off professionals in the public sector. Since public sector workers are the only kind Reeves seems to care about, this might induce her to back off.

Source: Daily Mail October 14, 2024 20:44 UTC