Not only is the 'bothersome' money purchase annual allowance arbitrary, it also requires an unrealistic level of consumer awareness, and so, argues Danielle Byrne, it should be scrapped in next week's Budget
The Autumn Budget, which takes place on Monday, is chancellor Philip Hammond's opportunity to announce any tax or funding policies for the next 12 months. This particular Budget comes at a time of unrest within the Tory party and we are left with a strong sense of uncertainty about what the UK will face in the coming months. Together with Brexit, NHS spending and austerity the chancellor already has his hands full so it is unlikely he will make any shock announcements regarding retirement policies. Nevertheless, this time of year provides a perfect opportunity to reflect on changes ...
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