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Pension savers warned to act fast

Millions of pension savers need to act fast as basic tax rate falls to 23 per cent to 22 percent on April 6, cutting base rate tax relief by the same amount.


Those making lump sum contributions will save a pound in every hundred if they do so before April 5.


Legal & General spokesman Andy Agar says: ” We believe that it is vital for anyone with a pension plan to be aware of these changes and make sure they talk to the financial adviser about taking advantage of these important tax breaks before April 5.”

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