Tories rumoured to announce pensions raid to fund income tax break

clock

The Budget 2015 could see the Tories pledge to raise the income tax bracket by cutting the pensions annual and lifetime allowances, according to reports.

Chancellor George Osborne is expected to increase the national insurance threshold to ease the tax burden on the lower paid during his speech on March 18, The Times has claimed. But Labour is ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Standard Life becomes master trust provider for Siemens

Standard Life becomes master trust provider for Siemens

Understood to be largest move from own trust to master trust in the UK to date

Holly Roach
clock 07 May 2024 • 2 min read
Pensions dashboards must provide savers with 'holistic' view of their finances

Pensions dashboards must provide savers with 'holistic' view of their finances

Wealth at Work says dashboards are ‘only part of the picture’ regarding people’s finances

Martin Richmond
clock 03 May 2024 • 2 min read
TPR sets out key priorities in corporate plan

TPR sets out key priorities in corporate plan

Regulator says its priorities reflect its purpose to ‘protect, enhance and innovate’

Holly Roach
clock 03 May 2024 • 4 min read
Trustpilot