Tax reform risks 'discouraging' people from saving

The SPP said the pensions tax system is complex and often misunderstood by savers

Holly Roach
clock • 2 min read

There is a risk that any reform to pensions tax could discourage people from saving for retirement if the key issues are not understood, according to the Society of Pension Professionals (SPP).

The SPP's paper on pension tax ‘myth-busting' revealed the pensions tax regime is a "complex and often misunderstood area" and, if not understood when proposing reform, could make a "complex tax sy...

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