8min chapter

Money Box cover image

Social Tariffs and Open Banking

Money Box

CHAPTER

Exploring Pension Tax Policies

This chapter delves into the complexities of pension schemes, focusing on the implications of tax-free cash lump sums and the current subsidy system for higher-rate taxpayers. Experts discuss potential changes to pension tax benefits and concerns regarding fairness in the system, especially for lower-income individuals. The chapter also introduces upcoming regulations related to pension funds and fraud protection, emphasizing a need for policy revisions to create a fairer financial landscape.

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