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…