There is no certainty what the autumn Budget might bring for pensions but, writes Jason Hollands, it would be naïve to think any changes will make them more attractive than they currently are for higher-rate taxpayers
The future availability of tax relief on pension contributions at the higher and additional rates of income tax has been in doubt for a few years now, leading commentators - including ourselves - periodically to warn that those able to benefit from the current generous arrangements should make use of them while they can. An overhaul to pension tax reliefs looked practically certain under George Osborne's tenure as Chancellor of the Exchequer, with HM Treasury launching a consultation on pension tax reliefs in July 2015. This noted the rising participation in workplace pensions due to ...
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