Miliband calls for annual allowance to reflect average pay

clock

Labour backbencher David Miliband has called for the government to cut pensions tax relief to £26,000 to match the national average wage.

During a Parliamentary debate on the government's benefits cap, the South Shields MP said cutting pensions tax relief further would save the government more money and take from wealthier people tha...

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 Law and Regulation

Breaking: DWP publishes updated roadmap for workplace pensions

Breaking: DWP publishes updated roadmap for workplace pensions

Government sets out an updated plan to implement workplace pension reform

Jonathan Stapleton
clock 13 July 2026 • 2 min read
Why pension schemes need to stop reporting climate and start funding it

Why pension schemes need to stop reporting climate and start funding it

Bobby Riddaway says there is no shortage of climate attention but there is a shortage of climate action

Bobby Riddaway
clock 09 July 2026 • 6 min read
Robin Ellison – Work, for the Night is Coming

Robin Ellison – Work, for the Night is Coming

PP’s regular columnist discusses weight-loss jabs, longevity and the future of old age pensions.

Robin Ellison
clock 08 July 2026 • 10 min read
Trustpilot