Osborne Urged to Revamp U.K. Pension-Tax Relief in March Budget

  • Ending relief on employer contributions could save $11 Billion
  • Chancellor should scrap 25% tax-free lump sum at age 55

U.K. Chancellor of the Exchequer George Osborne should scrap some pension giveaways in next month’s Budget to bring clarity to Britons saving for retirement and raise money to meet his deficit-reduction goals, the Centre for Policy Studies said.

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