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Labour's Tax Plans Raise Concerns Among Savers and Pensioners

Keir Starmer's definition of 'working people' sparks fears of broader tax hikes if Labour wins power.

  • Labour leader Keir Starmer's comments suggest savers may not be classified as 'working people'.
  • Potential tax changes could impact ISAs, personal savings allowances, and pension reliefs.
  • Shadow Chancellor Rachel Reeves offers a slightly different stance, including pensioners as 'working people'.
  • Experts warn of possible cuts to tax-free lump sums and inheritance tax allowances on pensions.
  • Calls for clarity as uncertainty over Labour's tax policies causes financial anxiety.
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