Pension tax relief restrictions will unfairly penalise people who are promoted, made redundant or take early ill-health retirement, the National Association of Pension Funds warns.
The trade body said while it supported government plans in principle the proposals needed urgent "fine tuning". It explained the inclusion of past service into the planned tax workings will also...
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