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The Pension Taper

Tom Parry gives us his initial thoughts after the budget reveals a pending change to the pension taper. In short, the income level that triggers a reduced pension contribution allowance, has been increased. So more people can earn more money before restrictions apply – which is good news for any savers earning between £110,000 and £290,000. Those earning below £110,000 are unaffected by the changes.

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