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I try to avoid speculating on the outcomes of the Budget. However as this year’s fast approaches one can’t help but take a great deal of interest on the various views being expressed on what will be the aftermath of the Green Paper – Strengthening the incentive to save: a consultation on pension tax relief. So I think this time I will take a punt.
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New analysis has shown big variations across the country when it comes to how long workers face having to work to achieve the same quality of pension as their parents’ generation.
Pension savers are struggling with so-called ‘retirement envy’ as they see the living standards and lifestyles of people who are already retired, says new research.
A TUC-sponsored report has found that women, carers, ethnic minorities and the self employed lag well behind behind the average man when it comes to pension saving.
George Osborne has a “once in a lifetime opportunity” to create a tax environment to support decent living standards in retirement.
Any moves to further reduce tax relief on future pension contributions would be a “second tax grab on pension savers”.
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