The Autumn Statement was packed with changes for the pensions industry, as Chancellor George Osborne sought to reaffirm the fairness of the government's austerity drive by targeting the rich.
Osborne announced a cut to the annual tax-free allowance, reducing it from £50,000 to £40,000 in 2014/15 in a bid to make higher-rate taxpayers pay more. The move had been widely anticipated, bu...
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
