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Labour accused of exaggerating tax benefits of Jeremy Hunt’s pension reform

Labour accused of exaggerating tax benefits of Jeremy Hunt's pension reform. Experts say party made an error in a calculation about the impact of scrapping the lifetime allowance.

  • Labour accused of exaggerating tax benefits of Jeremy Hunt's pension reform.
  • Labour claimed ending the lifetime allowance would see the richest 1% net an average of £45,000.
  • Experts say the example is exaggerated and based on a muddled understanding.
  • Labour now using a different example from the Resolution Foundation.
  • Hunt proposed increasing the annual tax-free pension contributions limit from £40,000 to £60,000.
Labour accused of exaggerating tax benefits of Jeremy Hunt’s pension reform
Experts say party made an error in a calculation about the impact of scrapping the lifetime allowance

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