Pension tax relief: What the industry said

• Annual allowance for pension contributions is £50,000 (from £255,00) • Lifetime allowance (LTA) on contributions is £1.5m (from £1.8m) • Value of the increase in DB pensions changes from 10 times to 16 times Advisers: Viv King, director of VKFPA: "In the climate of redundancies we have now, people accepting redundancy may not be able to put large sums from their redundancy payout into their pension to take advantage of the tax benefits; they should beware!" David Stone, partner at Mansion House Capital: "The new annual allowance is fairer. When the £255,000 annual allowance came...