The newspaper writes:
“Philip Booth, senior academic fellow at Institute of Economic Affairs, told the inquiry that the pensions tax-free lump sum could be made less generous to help repair the nation’s finances. ‘I would severely limit the tax-free lump sum that it is possible to receive from pensions . . . which would allow a lot of pensions tax simplification instead of the route that the government seem to be proposing, which is to allow tax relief only at the basic rate, which I think would cause a degree of chaos,’ he said.”
Read the article in full here.