Webb's appointment raises fears over higher-rate tax relief

Laura Miller
clock • 2 min read

Lib Dem Steve Webb's appointment as pensions minister has raised fears his party's stance on higher rate tax relief on pensions could see the benefit scrapped.

The Tories have agreed to Lib Dem plans to remove income tax on the first £10,000 of earnings, although this will be phased in. It is a pledge Nick Clegg's party said in their election campaign wou...

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

SMF finds support for giving young people one year of state pension early as a lump sum

SMF finds support for giving young people one year of state pension early as a lump sum

SMF finds support for giving young people one year of state pension early as a lump sum

Professional Pensions
clock 09 June 2026 • 3 min read
Supporting longer-term financial wellbeing

Supporting longer-term financial wellbeing

Laura Mason sets out the work L&G is doing as part of its Decades Ahead programme

Laura Mason
clock 09 June 2026 • 4 min read
HMRC launches consultation on GMP conversion tax changes

HMRC launches consultation on GMP conversion tax changes

The body said regulations would apply from the 2027/28 tax year

Holly Roach
clock 09 June 2026 • 2 min read
Trustpilot