David Brooks says schemes must think now about helping members claim the top-ups
Government sets out plans to address low-paid anomaly in tax relief treatment
HM Treasury has confirmed that the government will hold its Budget on 11 March.
The Conservative party will hold reviews of the tapered annual allowance and net-pay schemes if it is elected back into government, it has said.
The net-pay anomaly is unfair on the lowest-paid savers who need the top-up, argues Adrian Boulding.
Ros Altmann urges the industry to address injustices and inefficiencies, and engage in direct-to-consumer marketing that promotes pensions properly for the mass market
NOW Pensions' director of policy says this will be the year when the net-pay anomaly becomes too awkward to ignore, and predicts LISA will have its own lifetime curtailed
The government is set to review an anomaly which sees lower-paid workers in the majority of master trusts lose out on tax relief, it has confirmed.
Ros Altmann calls for urgent action on 'net-pay' schemes, warning the impact on low earners will significantly worsen with contribution rates set to rise to 5%.