Summary
THE Government has been left redfaced in estimating that only 5,000 people will be affected by its proposed Pounds 1.4 million cap on pensions.The number is actually double this.
Chancellor Gordon Brown asked the National Audit Office to calculate how many people would be affected if it introduced a Pounds 1.4 million lifetime limit for pensions saving.See the full content of this document
Extract
Pension Cap Trap
The NAO has now reported back saying the figure was not 5,000 as the Government suggested ...
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