BRITAIN'S wealthy are to see another raid on their pension pots this week as the Chancellor makes clear that the better-off will have to make another contribution to bringing down the national deficit.
BRITAIN'S wealthy are to see another raid on their pension pots this week as the Chancellor makes clear that the better-off will have to make another contribution to bringing down the national deficit.
MAKING PROGRESS: Chancellor George Osborne was in a serious mood as he prepared for yesterday's Andrew Marr Show. Picture: BBC
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MICHAEL SETTLE UK POLITICAL EDITOR
George Osborne is preparing to target tax relief on pensions, which has already been cut from £225,000 to £50,000.
A further reduction in the threshold to £40,000 would bring in £600 million to the Treasury, while a cut to £30,000 would produce an extra £1.8 billion. The changes would mainly hit those earning more than £200,000 a year.
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