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Typical worker would need to work 400 years to benefit from Hunt's pension tax break
Chancellor of the Exchequer Jeremy Hunt leaves 11 Downing Street, London, with his ministerial box before, before delivering his Budget at the Houses of Parliament.
LABOUR has said Chancellor Jeremy Hunt’s budget giveaway of a £1 billion tax break for pensioners will benefit only the wealthiest 1 per cent of Britain’s retirees – and Labour will reverse it.
But the country’s biggest pensioners’ organisation has called for a “comprehensive debate on the future of pensions” as millions of older people struggle to make ends meet.
Labour said the £1bn tax giveaway would benefit only people with a pension pot of £1.07 million for their old age.
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