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John Healey Urged to Act on Age 55 Pension Rule Ahead of Autumn Budget

Experts warn that speculation over pension tax changes could push savers to withdraw cash early, with 25% of pension pots currently tax-free.

Summary by YorkshireLive
Chancellor John Healey has been urged to reassure pension savers over potential changes to their tax-free lump sum withdrawals ahead of his first Autumn Budget

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The Cabinet approved an income tax exemption for military personnel participating in the early retirement program. Both financial assistance and pension contributions will not be included in tax calculations.

On July 27, Ms. Lalida Periswiwatana, Deputy Spokesperson for the Prime Minister's Office, revealed that the Cabinet...

·Thailand
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iNews broke the news in London, United Kingdom on Monday, July 27, 2026.
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