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Osborne cut to 55% pension death rate is ‘stealth tax’, says expert

Osborne cut to 55% pension death rate is ‘stealth tax’, says expert

UK chancellor George Osborne's announcement at today's Conservative party conference that he will scrap the 55% tax on drawdown pension funds due on death has been described as a 'stealth tax' by one leading tax expert.

The tax, which was flagged up in last Autumn's statement as too high and considered further for review in this year's spring Budget, will be implemented in April next year, the chancellor said in his keynote speech.  Please link to International Adviser to read the  full article by Mark Battersby.

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