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Rumours of reducing Pension Tax in government’s new Budget

Ed Monk

Ed Monk - Fidelity Personal Investing

This week on the show (which was recorded before Sajid Javid’s resignation!), with a month until the Government delivers its first Budget of the new parliamentary term the rumours are flying about tax grabs, and in particular a plan to dramatically reduce the tax advantages of pensions to higher earners.

Just another rumour - or is it something more?

Plus, we’ll digest the news this week of stalling growth in the UK economy.

Important information: The value of investments and the income from them can go down as well as up, so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. Tax treatment on pensions depends on individual circumstances and all tax rules may change in the future. Withdrawals from a pension product will not be possible until you reach age 55. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.

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