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NAO says Treasury numbers affected by lifetime limit

The National Audit Office says the Treasury&#39s estimate of the numbers likely to be affected by the £1.4m lifetime limit is only half the figure it thinks will be hit.
Th NAO also says there is a “thin evidential base” for the Treasury&#39s estimate of a further 1,000 people a year affected by the limit that would not have been affected by the price cap under the existing regime.

But the report says there is great uncertainty over estimates that go far into the future because of a lack of clear data.

The Treasury had warned the entire pensions simplification plan could be placed on hold if it was found to be wrong on its projections of how many will be affected.

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