The government is set to restrict pensions tax relief for the over 55s in a bid to stop the "exploitation" of new tax freedoms.
HM Treasury said that, in order to make sure these new freedoms are not "exploited" by individuals over the age of 55 diverting their salary into their pension and taking it out immediately to avoi...
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 for 12 months, 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
