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The Independent UK
The Independent UK
National
Patrick Daly and Adam Forrest

Budget 2023: Pensions boost as Jeremy Hunt set to raise tax-free cap

Jeremy Hunt Office for National Statistics Budget NHS
PA Wire

Jeremy Hunt is understood to be ready to increase the tax-free allowance for pensions in a move to reverse the trend of early retirements.

The chancellor is looking at allowing workers to put more money into their pension pot before being taxed as part of Wednesday’s Budget, The Independent understands.

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