Budget small print reveals double whammy for higher earners

clock

Taxation of high earners pension contributions is the final nail in the coffin of defined benefit provision, Hargreaves Lansdown claims.

The firm said the small print of the budget revealed the change to the tax treatment of pension contributions for those earning more than £150,000 a year will generate £3.1bn in the 2012/2013 tax y...

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 Defined Benefit

DB scheme funding levels rise in June, Broadstone finds

DB scheme funding levels rise in June, Broadstone finds

Consultancy’s Sirius Index shows funding levels increase despite political upheaval

Martin Richmond
clock 03 July 2026 • 1 min read
Majority of industry intends to release DB surplus, LCP finds

Majority of industry intends to release DB surplus, LCP finds

Consultancy’s poll shows 92% of respondents indicated intention to release surplus

Martin Richmond
clock 02 July 2026 • 2 min read
DB transfer compensation projected to continue to fall in Q3 2026

DB transfer compensation projected to continue to fall in Q3 2026

Broadstone says firms must ‘remain diligent’ and assess each claim ‘on its own merit’

Martin Richmond
clock 02 July 2026 • 2 min read
Trustpilot