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...

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