Politics · 27 July 2026
Chancellor told to rule out new pension taxes after savers pull £10bn
The boss of AJ Bell, a major UK investment platform, says tax-free cash withdrawals have jumped by up to 63% over the last two years. He wrote to Chancellor John Healey asking for a firm promise to leave retirement rules alone during this Parliament. Barney Hussey-Yeo, founder of the finance app Cleo, warned that some entrepreneurs are already planning to leave the country over the rumours.
Reported by City AM · How we write briefs