Hammond considers cutting higher-rate tax relief

James Phillips
clock • 2 min read

A cut in higher-rate pension tax relief could be on the cards for the November Budget, according to Treasury insiders.

Chancellor Philip Hammond has ordered Treasury civil servants to undertake a detailed assessment of public spending in a bid to find ways to plug the deficit, The Sunday Times has reported. A cu...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Law and Regulation

Industry raises concerns over PT conflicts in trustee consultation response

Industry raises concerns over PT conflicts in trustee consultation response

Responses also call for more support for member-nominated trustees

Jonathan Stapleton
clock 06 March 2026 • 10 min read
Call for TPR to become single regulator for pensions as part of megatrust shake-up

Call for TPR to become single regulator for pensions as part of megatrust shake-up

Pension Schemes Bill will create systemically important funds with higher oversight needs

Jonathan Stapleton
clock 05 March 2026 • 2 min read
Ros Altmann urges gov to 'press pause' on 'rushed' salary sacrifice cap

Ros Altmann urges gov to 'press pause' on 'rushed' salary sacrifice cap

Peer says legislation ‘not clearly thought through’ with key questions left unanswered

Jonathan Stapleton
clock 02 March 2026 • 4 min read
Trustpilot