Budget 2013: Spouses' tax relief loophole closed

HM Treasury revealed in the Budget that it would include legislation on the practice in the Finance Bill 2013. It said: "As announced at Budget 2012, legislation will be included in Finance Bill 2013 to remove the tax and National Insurance contribution incentives for employees and employers respectively from arrangements where an employer pays a pension contribution into a registered pension scheme for an employee's spouse or family member as part of their employee's flexible remuneration package." KPMG pensions director Gordon Sharp said this was a tidying up exercise and part of a g...