Higher rate tax relief on pensions is "costly and ineffective" and should be scrapped, argues academic Michael Johnson.
His comments come after rumours chancellor George Osborne may cut higher rate relief by reducing the annual allowance on contributions from £50,000 to as little as £30,000 in the autumn statement. ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
