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CITY VIEWS: WILL THE GOVERNMENT’S PLANS TO REDUCE TAX RELIEF ON HIGH EARNERS PENSIONS AFFECT RETIREMENT AGE?

JASON NASH | BERRYMANS LACE MAWER
“It will likely prolong retirement because pensions are currently so badly funded. The pension funds have suffered so much recently that implementing a new tax will now add to the age with which
people retire. But maybe less so for the high earners.”

AZAM ZAKA | EPROSPECTS
“It won’t affect retirement age but it will give incentive for the UK’s high earners, like the bankers, to leave the country and we’ll see the main high income earners migrate to better tax jurisdictions. It should be about working with the people, and not against them.”