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Reports suggest that Chancellor Rachel Reeves is floating scrapping the 25 per cent tax-free pension relief but analysts are warning such a decision would be “deeply unpopular”. The new Labour Government is preparing to unveil its fiscal agenda on October 30’s Autumn Budget with rumours circulating of what will be included. It is understood that Reeves is considering changing the existing rules when it comes to pension savers making withdrawals from their pots. As it stands, Britons are able to take the entirety of their pension as cash straight away if they choose to, no matter what size it i…

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