Tax relief

The well-off are receiving tax breaks on pension contributions worth on average 20 times those of ordinary workers, according to reports.

Industry experts are "horrified" that the Liberal Democrats are considering cutting tax relief on ISAs and pension contributions for the wealthy.

RETIREMENT

People who are will to pay into a pension but have not got around to signing up are collectively losing out on £2.5bn in income tax relief on contributions, analysis has found.

TAX PLANNING

RETIREMENT

R.I.P. MIP

ENERGY

OVER AND OUT

In light of last week's Budget announcements, Peter Ng, IFA at Retirement Solutions, reviews what the changes to pensions tax relief will mean to those retiring.