Treasury delays pensions tax relief decision until 2016 Budget

The government launched a consultation on pensions taxation in July but said it will not respond to the work, which closed last month, until spring next year. Responding to a question from Conservative MP for Gloucester Richard Graham about reform of pensions taxation, Osborne (pictured) told the Commons on 27 October the government would "respond to that consultation fully" in the Budget. The exact date for the 2016 Budget has not yet been set but it is likely to be in March. A key part of the consultation was whether or not the government should change the current tax relief syst...