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Analysts are sounding the alarm that the rumoured pension tax raid from the new Labour Government could “tarnish” the prospect of a mortgage-free retirement for millions. Chancellor Rachel Reeves is set to outline her and Prime Minister Keir Starmer’s fiscal agenda during the Autumn Budget on October 30 with pension reform likely to be on the agenda. It is understood that Reeves is floating a cut to tax-free pension savings withdrawals and other changes to relief which has provoked outrage. However, Britons are now being warned that what is being reported could see households paying off their …

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