Chancellor contemplates cuts to higher rate pensions tax relief

Holly Roach
clock • 3 min read

Speculation is growing that chancellor Sajid Javid is seeking to raise revenue by cutting the tax relief on pension contributions for high earners from 40% to 20%.

The Financial Times reported that one idea being considered is cutting pension tax relief for those earning £50,000 or more per year to help prime minister Boris Johnson's spending plans and raise ...

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

News Digest: Pension funds may regret benchmarking their PE portfolios to stocks

News Digest: Pension funds may regret benchmarking their PE portfolios to stocks

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 22 July 2026 • 1 min read
John Healey named Chancellor of the Exchequer in 'surprise' appointment

John Healey named Chancellor of the Exchequer in 'surprise' appointment

Following speculation

Cristian Angeloni
clock 21 July 2026 • 2 min read
Andy Burnham: 'Britain needs to show the world we can regain our stability'

Andy Burnham: 'Britain needs to show the world we can regain our stability'

Cabinet to be confirmed

Michael Nelson
clock 20 July 2026 • 2 min read
Trustpilot