Pension savers rush tax-free withdrawals
This is a news story, published by Telegraph, that relates primarily to Ms Reeves news.
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pension providersTelegraph
•Pensions industry struggles with lump sum stampede amid fears over tax raid
66% Informative
Standard Life , AJ Bell and Royal London among pension giants receiving surge in inquiries.
Comes as Chancellor faces calls to limit the amount of tax-free cash that savers can withdraw.
Current rules allow savers aged 55 and over to withdraw 25pc of any pension in tax free lump sum.
Institute for Fiscal Studies urged Ms Reeves to reduce the maximum to 100,000 .
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