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Why those saving for old age face a shroud of complexity

With the Budget on 11th March, more counterproductive government tinkering is doubtless in store

By Andy Davis   April 2020

Chief Secretary to the Treasury Rishi Sunak leaving BBC Broadcasting House in central London after appearing on The Andrew Marr Show. PA Photo. Picture date: Sunday December 15, 2019. See PA story POLITICS Election. Photo credit should read: Hollie Adams/PA Wire

Is a pension the best way to save? It’s a question that comes up frequently, especially as those with cash to invest before the end of the tax year wonder whether to lock it away for retirement. Pensions have obvious attractions, including income tax relief at your highest marginal rate on up to £40,000 of contributions per year (unless you earn £110,000 a year or more, at which point your £40,000 contribution limit starts…

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