Tories rumoured to announce pensions raid to fund income tax break

clock

The Budget 2015 could see the Tories pledge to raise the income tax bracket by cutting the pensions annual and lifetime allowances, according to reports.

Chancellor George Osborne is expected to increase the national insurance threshold to ease the tax burden on the lower paid during his speech on March 18, The Times has claimed. But Labour is ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Autumn Budget 24: How Labour's announcements impact the pensions industry

Autumn Budget 24: How Labour's announcements impact the pensions industry

Pensions industry reacts to chancellor Rachel Reeves’ first Budget

Holly Roach
clock 30 October 2024 • 6 min read
Autumn Budget 24: Heavily rumoured pension changes fail to go ahead

Autumn Budget 24: Heavily rumoured pension changes fail to go ahead

The chancellor chose not to target workplace pensions, despite raising taxes by £40bn

Holly Roach
clock 30 October 2024 • 3 min read
Autumn Budget 24: Labour affirms Mineworkers Pension Scheme manifesto pledge

Autumn Budget 24: Labour affirms Mineworkers Pension Scheme manifesto pledge

Government announces it will fulfil manifesto pledge to give mineworkers ‘fair pensions’

Martin Richmond
clock 30 October 2024 • 1 min read
Trustpilot