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"You can invest all of your windfall tax-efficiently using your Isa and pensions allowances".
John Cridland, director general of the CBI, said funding for higher education had to be maintained, but criticised the raid on pensions allowances.
The changes to pensions allowances to fund the fee cut would also mean the lifetime limit on pension pots would be reduced from £1.25m to £1m, and annual maximum contributions to pension pots would be cut from £40,000 to £30,000.
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But wealthier pensioners may be angered by the decision to cut the lifetime tax-free pensions allowance from £1.25m to £1m from next year.
You may be able to contribute even more by using unused annual pensions allowance from recent years, says Patrick Connolly, certified financial planner at Chase de Vere.
He will be taxing those on high incomes a little more by cutting their pension allowances.
The Government is to slash high earners' tax-free pension allowances from £250,000 to just £50,000 a year, raising an extra £4bn for the Exchequer.
Judges have been given figures showing how much they will lose when their tax-free pension allowances are cut in line with government reforms of public sector pay.
Liberian law provides that former presidents and vice-presidents who are "honourably retired" and no longer employed by the government are entitled to special pension allowances.
Financed through the contributions of workers and their employers, as well as smaller contributions from the cantons and the confederation, social-security insurance provides annuities and pension allowances to senior citizens (men over 65 and women over 62) and to widows, orphans, and invalids.
He also introduced working tax credits, and in his last budget as Chancellor, Brown gave an extra £3 billion in pension allowances, an increase in the child tax credit, and an increase in the working tax credit.
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CEO of Professional Science Editing for Scientists @ prosciediting.com