The Pensions Policy Institute (PPI) has suggested a single rate tax relief of 30% would encourage more basic rate taxpayers to save for retirement with little cost to the government.
Low earners pay around 50% of pension contributions but receive just 30% of tax relief, while higher earners make 40% of total contributions and receive 50% tax relief. PPI director Chris Curry ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- 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
