Nearly 4m people would be affected by Treasury plans to cut the rate of pension tax relief for higher earners from 40% to 20% in next months budget. Gven we have had low-interest rates for more than a decade the chancellor will be extremely cautious before further disincentivising saving.
In 2019 just 6% of adults took financial advice on the issue.
Source: The Independent (19/02/2020) The Times (19/02/2020) The Daily Telegraph (19/02/2020)
