Save pensions tax relief change for later

Enough with the tinkering, says Jonathan Stapleton

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Last week, in an interview with the Daily Mail Steve Webb called for an overhaul of tax relief on pension contributions that would see a flat 30% rate introduced and the lifetime allowance axed.

He said the current system gave greater incentives to save to higher rate tax payers - and added the lifetime allowance was an "illiberal" concept. Webb told the paper: "Most people get 20% reli...

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