Will pension tax-free lump sums be scrapped?

Sarah Coles
A2CWRN Royalty free photograph of pension business headline in UK financial times pension; retirement; old; age; pensioner; prop
A2CWRN Royalty free photograph of pension business headline in UK financial times pension; retirement; old; age; pensioner; prop

A think tank has proposed a radical rethink of pensions. Instead of different tax relief for different people, it has called for 33% tax relief for everyone - and has also suggested that you shouldn't be able to take a penny as a tax-free lump sum when you retire.

But will it happen?%VIRTUAL-SkimlinksPromo%