Scrapping upfront pension tax relief is a 'foregone conclusion'

The consultation was launched by Chancellor George Osborne in his summer Budget. He said he as open to "radical" thinking on pension taxation which could be brought more in line with ISAs.  But industry figures told Professional Adviser's sister title Professional Pensions the outcome of the consultation is a "foregone conclusion" as axing upfront tax relief would increase revenues to the Treasury dramatically in the short term. PTL managing director Richard Butcher said: "I don't think it is a genuine consultation. I think they have decided what they are going to do. You look at the ...