- 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
Jim Pickard
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