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Daily Mirror
Daily Mirror
Business
Levi Winchester

Jeremy Hunt announces huge pensions boost for workers - to stop people retiring early

Jeremy Hunt

Retirement savers on high incomes have been given a boost after Jeremy Hunt confirmed he will abolish the pensions lifetime allowance.

The lifetime allowance is how much you can save into pension pots before paying extra tax.

This figure is currently set at £1.07million but will soon be scrapped, the Chancellor announced in his Budget this afternoon.

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