PLSA: Flat tax relief rate would create 'many losers'

Trade body warns removing higher tax relief rate would create few winners

clock • 3 min read
Speculation has been rife that the government will overhaul the pensions tax relief system
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Speculation has been rife that the government will overhaul the pensions tax relief system

Introducing a new single rate of tax relief at 25% while axing the higher rate would not massively increase the retirement income of lower and median earners, according to the Pensions and Lifetime Savings Association (PLSA).

Speculation has been rife that the government will overhaul the pensions tax relief system to help shore up the country's finances following the coronavirus pandemic. The PLSA's research - Pension Tax...

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