Pensions income tax relief is costing the Government too much - this will raise £600m extra tax.
It will be interesting to see the detail on this.
Past cuts have resulted in some form of protection for existing pension savings already near or above the Lifetime Allowance.
More measures to curb the size of very large pension pots. From next year, the Lifetime Allowance will be reduced from £1.25m to £1m. This will save around £600 million a year, the chancellor says. But he says that fewer than 4% of pension savers currently approaching retirement will be affected.