Mike Morrison: Will tax relief reform doom pension saving?

Proposed reforms miss 'fundamental point'

clock • 5 min read

We're two weeks away from the 2016 Budget and an expected overhaul of pension tax relief. Mike Morrison is all for reform but isn't convinced the Chancellor knows what the desired result actually is

In two weeks' time, all the speculation should be over (or, knowing the pensions world, just starting!) as we expect the Chancellor to stand up in the Budget and outline his plans for pension tax relief, with some kind of reform expected to cut the availability of higher rate tax relief. Since the leak to the FT several weeks ago the industry wheels have certainly started to spin. Well, one thing we can be sure of is that the government wants to save money on pensions and the cost of tax relief would be easy picking. They could go as far as stealing the Labour party's clothes by re...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

How retirement planning has transformed over the past 50 years

How retirement planning has transformed over the past 50 years

PPI report looks at the move from predictable pensions to personal responsibility

Jonathan Stapleton
clock 21 November 2024 • 3 min read
Act now: Planning for retirement is a concern for today

Act now: Planning for retirement is a concern for today

'Don't wait until tomorrow to think about retirement'

Andrew Tully
clock 20 November 2024 • 4 min read
Government publishes Pensions Investment Review interim report and launches DC and LGPS consultations

Government publishes Pensions Investment Review interim report and launches DC and LGPS consultations

Report published as Reeves delivered inaugural Mansion House speech

Jonathan Stapleton
clock 15 November 2024 • 4 min read