As the government tries to recoup the cost of the pandemic could generous pension tax policy be in the firing line? Andrew Megson says the ripple effect of change is a crisis of confidence that needs to be addressed...
Uncertainty surrounding pension policy has become an accepted reality by UK savers throughout the previous decade. However, Covid-19 appears to have placed many pension policies under a very real threat. Indeed, the height of the pandemic saw households and businesses alike being placed under unprecedented financial pressure, as national lockdowns and social distancing measures forced the UK economy to grind to a halt. As such, the government stepped in to provide vital financial support, such as the furlough scheme and the Coronavirus Business Interruption Loan Scheme (CBILS). Whilst...
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