Stamp out pension tax speculation or risk another cash grab, industry warns Healey

Rule out pension tax raid after £40bn panic under Reeves, Burnham told

Labour was last night urged to rule out a Budget raid on pensions after it emerged savers withdrew £40billion in tax-free lump sums in just two years under Rachel Reeves.

Stamp out pension tax speculation or risk another cash grab, industry warns Healey

The pension industry has warned Healey not to allow pension tax speculation to go “unchecked” in the run up to his maiden Autumn Budget, after rumours led savers to pull millions from pension pots last year. UK savers pulled £91bn from their pension pots before last year’s Autumn Budget as they looked to dodge Labour’s [...]