Lords condemns pension tax relief change

The influential Lords committee says the changes to pension tax rules would be inappropriate given that pension simplification was introduced just three years ago. The committee has also questioned the role of anti-forestalling measures, and believes the Government should reconsider its proposals. In a report published today, the Committee says it recognises the Government's need to adjust pension tax rules if needed but introducing a new regime so soon after A-day is questionable. "To make significant changes so soon has undermined the simplicity, consistency and certainty needed and...