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Budget rumours about tax free cash

Hearing Budget rumours and not sure what to do? 

There’s talk of possible changes to pension tax benefits and tax-free cash in the upcoming Budget - but nothing is confirmed. 

While we don’t yet know what the Budget will bring, past changes to pension tax rules have come with measures to help protect savers’ existing benefits.

With the Budget announcement due on 26 November, it’s wise not to rush making pension decisions. Making decisions about your pension now based on rumours can be costly and irreversible. 

Pensions are a long-term investment. You should seek professional advice or guidance before making any decisions. Get free help with money from the government at Money Helper or find a financial adviser. There’s usually a charge for financial advice.

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