Pre-Budget pension tax speculation could be 'damaging' to outcomes

Conjecture driving savers to withdraw ‘excessive funds’

Jenna Brown
clock • 3 min read
Pre-Budget pension tax speculation could be 'damaging' to outcomes

The chancellor’s move to shut down speculation on changes to higher-rate pension tax relief ahead of the upcoming Budget has been welcomed by experts who said conjecture was damaging to outcomes.

According to a report in The Times, senior Treasury officials are understood to have told chancellor Rachel Reeves that a reduction of the 40% level of tax relief on higher earners would disproport...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

No consensus on whether trustee boards should have at least one accredited member

No consensus on whether trustee boards should have at least one accredited member

PP poll finds 50% of industry say trustee boards should have one accredited member

Martin Richmond
clock 16 May 2025 • 2 min read
One third of DC savers have less than £10,000, FCA says

One third of DC savers have less than £10,000, FCA says

Financial Lives survey finds only a minority had received financial advice

Jasmine Urquhart
clock 16 May 2025 • 2 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Mansion House Accord, Pension Schemes Bill expectations, and a £120m buy-in deal

Professional Pensions
clock 15 May 2025 • 1 min read
Trustpilot