Chancellor looks to cut annual allowance

clock

George Osborne is considering a new tax raid on the pension contributions of richer voters, after rejecting the idea of a "wealth tax" based on higher council rates for luxury homes and apartments.

The chancellor has promised to balance a planned welfare squeeze - needed to achieve a futher £10bn of benefit savings by 2015-16 - by imposing new taxes on the wealthy. Although Osborne's aides...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Former company director pleads not guilty to pension fraud charges

Former company director pleads not guilty to pension fraud charges

Defendant charged with two counts of defrauding his workers’ pensions

Martin Richmond
clock 09 May 2024 • 1 min read
The importance of pension comms being 'private and confidential'

The importance of pension comms being 'private and confidential'

Richard Bacon and Jeremy Goodwin look at the learnings from Farley v Paymaster

Richard Bacon and Jeremy Goodwin
clock 08 May 2024 • 4 min read
Robin Ellison: Regulators and revolution

Robin Ellison: Regulators and revolution

PP’s regular columnist looks at a series of pushbacks against excessive regulation

Robin Ellison
clock 07 May 2024 • 12 min read
Trustpilot