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    A history lesson for you Reg that in the 2006 pension 'simplification' Gordon Brown set an annual allowance of £215,000 for pension contributions. Osborne brought that down to £50,000 - quite a sensible move I thought. Your attempt to point score falls flat on it face.

    Bringing it down to below £50k would cause problems for people, particularly self-employed and small business people, who spend all their money building up businesses when younger and then heavily fund a pension in the last years before retirement.

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