COLUMN: Introducing the latest backdoor raid on pensions

The lowering of the 'lifetime allowance' could affect many savers, Phil Cain explains how to avoid sleepwalking into a pension pothole.

by Phil Cain

As this year’s party conference season has shown, taxes on the "wealthy" make great political box office.

Both Labour and the Lib Dems want to introduce a 1% annual tax on homes worth over £2m. Delegates at both parties’ conferences gave the idea a riotous reception.

If a yacht tax had been promised too, they probably would have brought the house down.

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