Retirement Planner's round up of the top pensions stories this week.
Annual allowance cut 'will punish' catch-up pension savers A cut to the annual allowance in the Autumn Statement would hit middle-class savers who increase contributions to their pension pot later in life, the industry warns. A report in the Financial Times this morning revealed Chancellor George Osborne is considering raiding higher-rate tax relief for the rich by lowering the threshold of the tax-free annual allowance from £50,000 to £40,000 or £30,000. The compromise deal with the Liberal Democrats, who want cuts to higher-rate tax relief, could £600m to £1.8bn each year for the Tre...
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