Chancellor considering £100,000 lump sum limit – reports

The Telegraph reported the cap was being considered as part of the government's economic plan in a bid to plug the £22bn public finance deficit. It said the lump-sum limit may be reduced by two thirds to £100,000 "after recommendations from think tanks". The Institute for Fiscal Studies recently recommended such a move. The change could affect well-paid public sector earners, however. Quilter NHS pension specialist Graham Crossley warned the government must "tread carefully". He said: "A move like this could stoke fear amongst public sector workers that the government is coming for...