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Pensioners face 25pc tax hit in little-known raid

Retirees relocating to Europe face transfer penalties on savings under Rachel Reeves

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Savers could previously transfer more than £1m of pension funds to most European countries tax-free Credit: Kirsty O'Connor/Treasury
Money Writer
Rob White

Pensioners planning to retire in Europe face losing 25pc of their savings after Rachel Reeves moved the goalposts on tax...

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