Govt 'should double' tax exemption on employer pension advice

The provider urged the government to extend the limit on income tax and National Insurance relief for employer-arranged pension advice. This is the amount an employer can spend on pension advice per employee in a year, without the individual incurring tax as ‘benefit in kind'. It can be used to provide workplace advice on pensions, and on general financial and tax issues relating to pensions, to help employees make informed decisions on saving for retirement. The call for an extension to the limit follows Aegon's Engaging with saving workplace pensions report, in which about 200 emplo...