Retirement: Tax-free lump sum to be capped?

Retirement: Tax-free lump sum to be capped?People approaching retirement will be dismayed to hear new calls for the Government to cap the amount of tax-free cash available from their pension. Currently up to 25% of the accumulated pension pot can be taken as a tax-fee lump sum at any point after the age of 55. Many pensioners use the lump sum to repay debt, make alterations to their home, top up savings or invest to provide an additional income....