Published On: Sun, Sep 22nd, 2024

Pension panic as savers take tax-free cash before Labour Budget raid | Personal Finance | Finance


Pension companies are being overwhelmed with calls and emails as the over-55s withdraw money from their pension plans in case Reeves curbs one of the most popular pension benefits all.

As we know, Reeves loves a freebie as much as any member of Labour’s front bench. But she isn’t so keen if ordinary people are the beneficiaries. Targeting the tax-free pension lump sum would spark fury.

We don’t know whether she’ll do it yet, but pension savers aren’t taking any chances as rumours swirl.

It’s…



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