HM Treasury

Tax relief on contracting out should be scrapped for all pension schemes by 2012, the Office of Tax Simplification recommends.

UK - Members could end up cross-subsidising those with high pay rises as a result of the "scheme pays" annual allowance option.

The UK's largest trade union has demanded Fair Deal pension arrangements remain untouched after the government issued public consultation on them.

Pension funds target £100m saving in tax showdown; Fair Deal pension woe

The Treasury says people exceeding the annual allowance on pension savings must meet their tax charges as soon as they arise.

The Association of Consulting Actuaries supports early access but believes risk sharing schemes should be the government's priority.

UK - Proposals to allow early access to pensions will create a "bureaucratic nightmare" and should be shelved, industry groups say.

The Treasury has confirmed Lord Hutton will publish his final report on public sector pension reform next Thursday (10 March).

Proposals to allow early access to pensions will create a "bureaucratic nightmare" and should be shelved, industry groups say.

Allowing early access to pension funds in some cases could place pensioners' beneficiaries at risk of a 55% tax charge, AJ Bell warns.