Pension tax rate rumours compound industry fears

Widespread fears that HM Treasury is sending the wrong signal to savers trying to do the right thing

Hope William-Smith
clock • 3 min read

HM Treasury has planned a pensions "tax raid" this autumn to help fund public spending during the pandemic, according to reports.

Three different reforms to the way pension contributions are taxed are being considered The Telegraph said today (21 June), with one idea being to reduce the lifetime allowance (LTA) - which was fr...

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 Law and Regulation

FCA and TPR urge industry to take proactive steps now to deliver guided retirement

FCA and TPR urge industry to take proactive steps now to deliver guided retirement

Industry must also develop ‘much deeper understanding’ of member needs

Jonathan Stapleton
clock 26 August 2025 • 2 min read
PAG urges MPs to back bill amendment to index pre-97 FAS pension rights

PAG urges MPs to back bill amendment to index pre-97 FAS pension rights

Campaign group says amendment would address ‘major social injustice’

Jonathan Stapleton
clock 26 August 2025 • 2 min read
HMRC increases evidence requirements for higher or additional rate relief claims

HMRC increases evidence requirements for higher or additional rate relief claims

Evidence may be required where it would not previously have been requested

Jonathan Stapleton
clock 22 August 2025 • 1 min read
Trustpilot