Published On: Sun, Sep 22nd, 2024

Rachel Reeves unleashing war on pensioners as next blow ‘in the pipeline’ | Politics | News


Rachel Reeves‘ next tax blow has been tipped to include stripping pensioners of a valuable perk.

The Chancellor is believed to be mulling a shake-up of pension tax reliefs in the Budget to help the Government plug a disputed £22billion black hole in the country’s finances this year.

When someone turns 55, they can normally take 25 percent of their pension without having to pay tax up to a £268,275 limit, with the remainder usually liable to be taxed in the same way as other income.

But the…



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