The stealth tax set to torpedo your retirement

Updated
Hands off my pension
Hands off my pension

This week, the government had been expected to announce the details of its plan to link future state pension age increases to longevity.

Announced in the March Budget, creating such a link would save the national coffers significant amounts of money. How significant? A whopping £3.5 billion a year in reduced pension payments for every year that the state pension age was increased, according to the Pension Policy Institute and the National Institute for Economic and Social Research.

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