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Guessing game on the impact of removing tax credit

By Nicholas Timmins,Public Policy Editor

Published: April 4 2007 03:00 | Last updated: April 4 2007 03:00

The impact of Gordon Brown's tax raid on final salary pension funds has been the subject of furious debate ever since he announced it in 1997.

But the decision to remove tax credits on dividends also affected defined contribution, or money purchase, pensions in a way that the Treasury itself said, at the time, was "more clear cut".

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