Will tax relief restrictions on higher earners lead to the death of pensions?

As tax relief reductions forces high earners to leave schemes, further reform could severely damage pensions.

clock • 4 min read

As tax relief reductions are already forcing higher earners out of pensions, there could be a mass exodus if the Chancellor goes ahead with more reform. Rebecca Shahoud looks at how it could damage pensions.

It may not come as a huge surprise to many that high earners are dropping out of pension schemes as the Chancellor's tax relief reforms of recent years take hold. The tax relief on lifetime allo...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Buzz: Is enough progress being made to meet Mansion House commitments?

Buzz: Is enough progress being made to meet Mansion House commitments?

Mansion House Accord, state pension, ‘administrative logjam’ and VfM

Professional Pensions
clock 26 October 2026 • 1 min read
Budget 26: What is the pensions industry expecting?

Budget 26: What is the pensions industry expecting?

Industry sets out predictions as speculation grows ahead of Wednesday

Holly Roach
clock 26 October 2026 • 7 min read
Providers report increasing saver demand for pension tracing tools

Providers report increasing saver demand for pension tracing tools

Raindrop research finds 82% of providers reported rising demand for tracing capabilities

Martin Richmond
clock 26 October 2026 • 2 min read
Trustpilot