The Telegraph reported the cap was being considered as part of the government’s economic plan in a bid to plug the £22bn public finance deficit.
It said the lump-sum limit may be reduced by two thirds to £100,000 “after recommendations from think tanks”. The Institute for Fiscal Studies recently recommended such a move.
The change could affect well-paid public sector earners, however. Quilter NHS pension specialist Graham Crossley warned the government must “tread carefully”.
Think-tank IFS urges government to carry out ‘serious’ capital gains tax reform
“A move like this could …