Labour has backed a report from the Institute for Public Policy Research (IPPR) that calls for tax relief on pensions to be slashed by £2bn a year.
The Condition of Britain: Strategies for Social Renewal calls for the tax-free lump sum to be capped at £36,000 which it said would net the treasury £2bn annually. It labelled tax relief the "bi...
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