Taxing rumours

A rumour is circulating that the Treasury may soon start taxing the retirement lump sum. There was a passing reference on the Radio 4 Today Programme�earlier this week. There has also been speculation that Chancellor George Osborne could announce in the forthcoming budget that tax relief on pension contributions may be capped at basic rate. [...]

Source: http://blogs.bma.org.uk/pensions/2012/02/23/taxing-rumours/

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