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Reeves reportedly looking at cutting tax-free pension sum
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Chancellor Rachel Reeves is reportedly considering cutting the tax-free pension commencement lump sum in a bid to save more than £2bn a year for the Treasury.
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IHT on pension pots will hit bank of Mum and Dad
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Charging inheritance tax on unused pension funds will create confusion and increase the risk of gifting mistakes for the Bank of Mum and Dad and Gran and Grandad, equity release specialist Key Advice has warned.
Thousands sign pension-switch petition
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A petition calling for a 10-day pension switch guarantee has attracted more than 2,000 signatures in its first two weeks.
Younger investors bet on property and pensions for retirement
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The majority of Millennials (56%) and Gen Z (62%) see a mixture of pension and property as their main retirement asset, according to new research.
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Average annuity value soars 160% in 5 years
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The average value of an annuity has soared 160% since 2021, according to newly-published client data from Hargreaves Lansdown.