Fury over ‘disastrous’ £13,000 loss to private pension pots | Personal Finance | Finance
Rachel Reeves says ‘we will turn our attention to pensions’
Private sector workers face a “disastrous” raid on retirement funds in the Budget while their taxes continue to protect high value public sector pensions.
It is rumoured that the Chancellor will change the rules to require employers to pay National Insurance (NI) on their contributions to staff pensions. However, it is feared these employers will attempt to recoup the costs by cutting pension payments in future years.
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