High earners pension tax relief to change

Money News

www.moneynews.co.uk > Pensions calculator > High earners pension tax relief to change

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

High earners pension tax relief to change

A number of changes are set to be introduced for high earners pension tax relief in the UK, it has been claimed.

Laith Khalaf, pensions expert at Hargreaves Lansdown, told listeners to the FT Money Show podcast that the government realistically has two courses of action open to it.

The first is to reduce the level of relief to around 20 per cent, while a second option to scrap tax relief for this group in its entirety was also suggested.

He commented: "The workplace savings system is about to undergo a massive change. From this year millions of people will be automatically enrolled into a workplace pension."

As a result, Mr Khalaf noted now is not really the right time to be amending other pensions systems, as this could lead to confusion.

According to Tom McPhail, head of pensions research at Hargreaves Lansdown, many people across the UK continue to be confused regarding their pensions provision and this is something the government should look to rectify.

Click here for more pensions newsADNFCR-323-ID-801297502-ADNFCR

Related News : Pensions calculator

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet