Labour proposes pensions tax relief raid to fund jobs

clock

Labour will today announce a scheme to tackle unemployment by increasing tax on the pension savings of the wealthy.

In response to accusations that Labour is soft on welfare, shadow chancellor Ed Balls will unveil a proposal to reduce tax relief on savings from 45% to 20% if Labour is elected. The £1bn raised...

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

SPP: Trustee reform should be evolutionary, not revolutionary

SPP: Trustee reform should be evolutionary, not revolutionary

Louise Davey says the DWP consultation on trusteeship provides a valuable opportunity to refine governance standards

Louise Davey
clock 20 April 2026 • 3 min read
Is the 'institutional spring' under threat from Gen Z disconnect?

Is the 'institutional spring' under threat from Gen Z disconnect?

Archie Pritchett says unless reform reaches savers, 2026's progress will bloom where nobody is looking

Archie Pritchett
clock 10 April 2026 • 4 min read
Is 3i v Decesare a further move away from Courage?

Is 3i v Decesare a further move away from Courage?

Kate Payne and Archana Gupta say a more robust approach may now be more defensible

Kate Payne and Archana Gupta
clock 09 April 2026 • 5 min read
Trustpilot