Is pension tax relief the next in line for radical reform?

Malcolm McLean predicts politicians will target tax relief ahead of the general election

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Malcolm McLean predicts politicians will target tax relief in the run-up to next year's general election.

The Chancellor's announcement in this year's Budget that he intended to abolish the effective requirement to buy an annuity and allow defined contribution (DC) members to access all their funds without limits took us all by surprise and was appropriately described as a radical step in the on-going process of pension reform. Coming as it did on the back of other very significant changes such as auto-enrolment and the single-tier state pension it raises the question what else by way of radical reform of our still rather fractious pension system may be in the pipeline. In a period of exp...

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