£50k pension allowance to be slashed?

Adrian Holliday

Could the £50,000 pension annual allowance be cut? Last year the Coalition trimmed the annual higher-rate tax relief pension allowance from £255,000 to £50,000.

That's still a lot of money to be invested every year in a pension. But it's thought George Osborne and the Treasury are now minded to clip further and deeper, saving billions.