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"It is clear that pensioners who have worked hard and saved hard are putting billions extra back into the economy through the tax on their pensions" - Royal London's Steve Webb
Royal London director of policy Steve Webb has accused the government of "sneaking out" figures revealing pensioners are paying £4bn a year more in income tax on their pension than had previously been thought.
Figures up to 2017/18, published earlier this week, showed pensioners paid £17.9bn in income tax on their pensions in 2016/17 and £18.4bn in 2017/18. A note accompanying the data, however, said the...
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