The government has confirmed it will end tax relief on contributions to schemes set up for employees' spouses or families as part of a clampdown on avoidance.
HM Treasury revealed in the budget that it would include legislation on the practice in the Finance Bill 2013. It said: "As announced at Budget 2012, legislation will be included in Finance Bill...
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