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The Independent UK
The Independent UK
Archie Mitchell

Six-week pension delays after Rachel Reeves’s Budget triggers panic

Rachel Reeves NHS England

Rachel Reeves’ Autumn Budget triggered a rush to pull cash out of pension funds which has led to six-week delays for savers withdrawing money.

The chancellor’s October inheritance tax raid has sparked a surge in people seeking to take their cash out of retirement pots in a bid to avoid paying the levy, after Ms Reeves scrapped an exemption on them.

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