Pensions annual allowance changes on the cards 'to fund NHS boost'

£38bn up for grabs

Hannah Godfrey
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Chancellor Philip Hammond
Image:

Chancellor Philip Hammond

Chancellor Philip Hammond is planning to raid the pensions of higher-rate taxpayers to fund a boost to the NHS, most likely through changes to the annual allowance and tapered annual allowance, according to a report.

This weekend the Daily Mail reported an unnamed senior government source said Hammond (pictured) had identified some £38bn in pension tax relief as "one of the last remaining pots we can raid". ...

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