The government has released a green paper asking for input on radical reform of pension tax relief.
Here are the key questions the government wants answers to: 1. To what extent does the complexity of the current system undermine the incentive for individuals to save into a pension? 2 Do respondents believe that a simpler system is likely to result in greater engagement with pension saving? If so, how could the system be simplified to strengthen? 3 Would an alternative system allow individuals to take greater personal responsibility for saving an adequate amount for retirement, particularly in the context of the shift to defined contribution pensions? 4 Would an alternative ...
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