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  What an utterly silly article and thread born out of a lack of understanding of pensions and the pension rules. Reg's class war has reached the heights of absurdity.
  
  A few facts for you - simple facts.
  
  There is a limit, called a Lifetime Allowance, set by the Treasury, on the size of pension funds. Under rules set when this system was introduced by Brown in 2006 the size of pension funds for an individual this year is limited to £1.8million (that is size of fund, not income by the way). As a result of the last budget that amount is to be reduced next tax year to £1.5million.
  
  Any funds that accumulate in excess of the Lifetime Allowance is heavily taxed. Any excess of pension fund that you have above the Lifetime Allowance is taxed at 55% taken as a lump sum
  
  The only exceptions to this are those who in 2006 when the system was introduced, who already had very large pensions and applied for transitionary protection.
  
  In addition Brown set a Annual Allowance for pension contributions which last year was £255,000. George Osborne reduced that to £50,000.
  
  So, yes that's right. The ability to have massive pension pots and high contributions was set by Brown and George Osborne has reduced both.

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