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Episode details

Radio 4,27 Feb 2016,30 mins

Pension reform or a grab on our pension cash?

Money Box

Available for over a year

On Money Box with Lesley Curwen: pension reform or a grab on our pension pots? The Chancellor, George Osborne, is widely seen to be seeking ways to cut billions from the bill for pension tax relief, which according to one estimate, costs the country more than 20 billion pounds a year. But will he take radical action? We'll have to wait til Budget Day on March 16th to find out the answer. But pensions experts Alan Higham and Claer Barrett explain the options the Chancellor is currently considering and what effect they might have on our pension pots. A few weeks ago Money Box looked at those annoying fees you get charged when you pay for something with your credit or debit card. But as listener Roger found out, extra surcharges can also be applied when you pay in cash, in person! He was asked to pay a 7.5% admin fee when he bought theatre tickets. So how clear are the rules on what we can be charged when we pay for tickets by cash? Peter Stonely of the Trading Standards Institute joins the programme. Is there a ticking timebomb in the mortgage market? There's concern that people who have interest only mortgages who are now reaching the end of their loan don't have a way of paying off the capital. Refinancing their loan could be difficult - as it's now harder for older people to get mortgages that it used to be before the credit crunch of 2008. Ray Boulger from brokers John Charcol explains what's happening.

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