Osborne's pension and savings revolution will boost Treasury coffers until 2022 - but then costs will start to sting



The Government's pension and savings reforms over the past six years will boost Treasury coffers between now and 2021-22, but end up costing taxpayers an extra £5billion a year.
The popular pension freedom reforms are bringing forward tax receipts from the future as over-55s dip into their pots, but savings giveaways via new Isa limits and top-ups mean that handouts to the public will rise over the longer term, analysis by the independent Office for Budget Responsibility reveals.
It looked at a whole series of pensions and savings changes announced by ex-Chancellor George Osborne since 2010... read more

 
13 October 2016 in Business, Views: 44
Source: Daily Mail
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