For each year of retirement prior to 63, employee pension allowances will be permanently reduced by 6.5 percent. (rocklandtimes.com)
Previously the expensive reform was to be funded by a redistributive mansion tax and a tax on pensions allowances for higher earners, but these have been dropped. (theguardian.com)
He reduced the lifetime pension allowance to # 1 million, forcing Ed Balls to find a new way to fund Labour's promised tuition fee cut. (politics.co.uk)