Ten Things You Need to Know Today: Saturday 5 Mar 2016

1. Osborne drops his raid on pension tax

George Osborne has dropped plans to change the system of tax relief on pensions. The chancellor’s Isa-style scheme would have ended tax relief on contributions, but made pension pot withdrawals tax free. Osborne was due to announce the plans in the Budget this month, but was warned it could prompt a run on savings.

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