The Pensions Policy Institute (PPI) has suggested a single rate tax relief of 30% would encourage more basic rate taxpayers to save for retirement with little cost to the government.
Low earners pay around 50% of pension contributions but receive just 30% of tax relief, while higher earners make 40% of total contributions and receive 50% tax relief. PPI director Chris Curry said:...
This week's top stories included the 'Buck' name being revived as Conduent sold off the HR consulting business to a private equity investor.
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.