Slashing of tax relief for higher earners 'close to certain'

Michael Klimes
clock • 1 min read

The reduction of tax relief for high earners is a near certainty in the March Budget according to Hargreaves Lansdown.

In its preview of what to expect from Chancellor George Osborne, head of retirement policy Tom McPhail (pictured above) explained that a lot depended on Osborne's attitude to pensions. Alongside...

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 Industry

News Digest: Pension savers hit by £4.7bn salary sacrifice tax grab

News Digest: Pension savers hit by £4.7bn salary sacrifice tax grab

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 27 November 2025 • 1 min read
Budget 25: No change to tax-free lump sum is 'welcome' move

Budget 25: No change to tax-free lump sum is 'welcome' move

The chancellor chose to leave the tax-free lump sum unchanged in the Autumn Budget

Holly Roach
clock 26 November 2025 • 3 min read
Industry slams salary sacrifice changes as 'counterintuitive' and 'deeply misguided'

Industry slams salary sacrifice changes as 'counterintuitive' and 'deeply misguided'

The industry has responded to the chancellor’s decision to cap salary sacrifice for pensions at £2,000

Holly Roach
clock 26 November 2025 • 10 min read
Trustpilot