Whatever the outcome of the tax relief green paper the government should use legislation to enforce a set period of stability for UK pensions, Neil MacGillivray has said.
James Hay's head of technical support said the government should bar further major pension reforms for a set period once a decision has been reached about the tax treatment of pension contributions.
The government is currently considering changing the way tax relief on pensions is distributed following an announcement in the Budget which said pensions could become more like ISAs.
MacGillivray said Treasury officials had been out and about at numerous industry meetings and were listening to what experts had to say.
The government consultation on the green paper runs until 30 September.
He said all outcomes were still on the table, including a shift to ISA-style taxation of contributions; a flat-rate tax on contributions of 30%; or leaving the system as it is (where contributions are exempt from tax, fund growth is exempt from tax and income is taxed).
An update from the Chancellor could be included in the Autumn Statement, set for 25 November.
MacGillivray said the government should then legislate to ensure there are no further major alterations to pension policy for a set period of time.
"A-Day made pensions more simple and since then it has steadily become more complex. There has been constant tinkering.
"Whatever the outcome of this green paper there has to be a period of stability, I would like to see the government legislate for that," he said.
MacGillivray added the tax treatment of pension was missing the point. Affordability, he said, was the bigger problem.
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