Jeremy Hunt’s ‘bizarre’ ditching of pension limit ‘widens inheritance loophole for wealthy’

Institute for Fiscal Studies says the point of pensions is to fund retirement, not to bequeath large sums tax free Jeremy Hunt’s budget decision to scrap the limit on pensions savings has been criticised as “bizarre” by the UK’s leading economics research institute, which says it creates an unjustified extra inheritance tax loophole for high earners that should be closed as soon as possible. The Institute for Fiscal Studies (IFS) says that following last week’s budget many people on high …