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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Only 9% of over-50 retirees say Chancellor’s pension reforms may get them back to work

The vast majority of retirees have no intention to return to work, despite the Chancellor’s new pension reforms, a survey has found.

Chancellor Jeremy Hunt announced a number of changes intended to get more people back to work during last week’s Budget. Among them were reforms to pensions, including removal of the lifetime allowance (LTA) ceiling on how much they can put in their pension pots without being hit by punitive tax rates.

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