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The TUC has worked out that the richest folk in the land get subsidised massively in their old age by the rest of us. No change there, then. £37bn is set aside by the Treasury as tax relief for pension funds. This tax break is, of course, worth much more to those on the higher rate of income tax. They get their hands on 60% of the £37bn. Of this sum, nearly £10bn is grabbed by the top 1% of the population, people on more than £150,000 a year.