Interactive Investor

Pension stealth tax axed...but here’s how fiscal drag is hitting your pocket

23rd March 2023 09:01

by the interactive investor team from interactive investor

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Chancellor Jeremy Hunt raised hopes for investors last week by scrapping the lifetime allowance. But for millions, life is a drag... a fiscal drag. A week on from the Spring Statement, Kyle explains how one stealth tax had already been replaced with another. Alice Guy is in the studio to do the sums, explain what a fiscal drag is and help you navigate it.

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