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The Money Edit
The Money Edit
Business
Ruth Emery

Pension savers set for a triple boost in the Budget

Three women wearing warm clothing in suburban area

Pension savers could enjoy a triple boost to the amount they can save for retirement, with the chancellor expected to hike three pension allowances in his Budget tomorrow.

The lifetime allowance - the total amount that workers can build up in their pension pots before being slapped with a tax charge - is currently £1,073,100.

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