PLSA: Flat tax relief rate would create 'many losers'

Trade body warns removing higher tax relief rate would create few winners

clock • 3 min read

Introducing a new single rate of tax relief at 25% while axing the higher rate would not massively increase the retirement income of lower and median earners, according to the Pensions and Lifetime Savings Association (PLSA).

Speculation has been rife that the government will overhaul the pensions tax relief system to help shore up the country's finances following the coronavirus pandemic. The PLSA's research - Pensi...

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

Government wrong to delay phase two of pensions review, industry warns

Government wrong to delay phase two of pensions review, industry warns

PP poll finds majority of respondents against any delay

Holly Roach
clock 24 December 2024 • 2 min read
Merry Christmas from Professional Pensions

Merry Christmas from Professional Pensions

And a very Happy New Year with all best wishes for 2025!

Professional Pensions
clock 24 December 2024 • 1 min read
Professional Pensions' top ten features of 2024

Professional Pensions' top ten features of 2024

PP takes a look back at the most read features of the year

Professional Pensions
clock 24 December 2024 • 1 min read
Trustpilot