Save pensions tax relief change for later

Enough with the tinkering, says Jonathan Stapleton

clock

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...

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

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Further LTA abolition regulations, £200m buy-in agreed, IFS recommendations on AE reform

Professional Pensions
clock 20 September 2024 • 1 min read
Bank of England holds interest rates at 5% after inflation stalls

Bank of England holds interest rates at 5% after inflation stalls

Up to two cuts expected before year-end

Cristian Angeloni
clock 19 September 2024 • 2 min read
Half of older workers intend to 'phase' into retirement

Half of older workers intend to 'phase' into retirement

WTW research finds 75% of workers aged over 50 have reduced their working hours

Martin Richmond
clock 19 September 2024 • 3 min read
Trustpilot