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Title: Treasury hits back in pensions cap controversy
Description: The treasury has fiercely refuted claims that plans to cap pension savings at £1.4m will hit more than 600,000 people. The CBI, the Conservative Party and Mercer, the leading actuaries, have all launched recent attacks on the Treasury's claims that just 5,000 people will suffer under the new policy, which would tax any pension savings over £1.4m at 60 per cent. Mercer estimated that as many as 600,000 people could be hit
Directory: Regional/Europe/United_Kingdom/Society_and_Culture/Issues/Taxation/Pensions
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