The UK Government announced in the Budget on Wednesday that it was scrapping the lifetime allowance on pensions in an attempt to prevent doctors from retiring.
The party slammed the move as “another Tory-made keep the rich rich scheme”.
The removal of the allowance will see the wealthiest one per cent of pensioners save around £45,000 when they retire according to SNP analysis. The SNP's Social Justice spokesperson David Linden said that the Chancellor’s budget has left the UK economy in “dire straits”. “Meanwhile, decisions which would actually help working class households – like reducing energy bills, maintaining the energy bill support scheme, failing to scrap the benefits cap or two cap – have all been completely ignored.
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