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Rachel Reeves is coming under mounting pressure to rule out a 'knee-jerk' raid on pension lump sums before the Budget, with speculation the Chancellor may reduce the amount savers can withdraw tax-free from their retirement pot

Rachel Reeves is coming under mounting pressure to rule out a 'knee-jerk' raid on pension lump sums before the Budget, with speculation the Chancellor may reduce the amount savers can withdraw tax-free from their retirement pot

Speculation is mounting that the Chancellor may reduce the maximum amount savers can withdraw tax-free from their retirement funds - prompting some to pull cash out now.

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