New chancellor Rishi Sunak is likely to ease restrictions on pension tax relief for high earners to meet the NHS workforce crisis.
Taxes will have to increase after the March Budget if the government plans to honour the spending plans in outlined last year, the Institute for Fiscal Studies (IFS) has warned.
Reports that new chancellor Rishi Sunak is set to abandon cuts to tax relief on pensions contributions are continuing to circle.
High earners could face significant cuts to pension tax relief in the upcoming Budget under new Treasury plans to rein in the “perverse” system, according to reports.
Speculation is growing that chancellor Sajid Javid is seeking to raise revenue by cutting the tax relief on pension contributions for high earners from 40% to 20%.
Companies with large pension schemes have already made budget allowances in advance of proposed changes to the Retail Prices Index (RPI), Willis Towers Watson (WTW) says.
Scottish health secretary Jeane Freeman has written to chancellor Sajid Javid demanding he find a solution for heavily-taxed senior NHS workers in his upcoming Budget.
Pension schemes have been called on to play a central part in the government’s plans to meet climate change expectations. Hope William-Smith asks how this can be achieved
HM Treasury has confirmed the launch date of the upcoming joint consultation on changes to the Retail Prices Index (RPI) will be pushed back until Budget day.
The Pensions Regulator (TPR) has welcomed the government’s latest update on the details of the pension schemes bill.
HM Treasury has confirmed that the government will hold its Budget on 11 March.
The government’s ban on boycotts by public institutions may extend to the Local Government Pension Schemes (LGPS).
Financial Conduct Authority (FCA) chief executive Andrew Bailey has been confirmed as the next Governor of the Bank of England (BoE).
The government has scrapped plans to go ahead with an Autumn Budget on 6 November as prime minister Boris Johnson continues to push for a general election before the end of the year.
HM Treasury has announced that the government’s next Budget will take place on 6 November, although this depends on the outcome of the Brexit negotiations.
The government has put forward proposals to review pensions tax relief rules in order to give senior NHS clinicians full flexibility over the amount that they contribute to their pensions.
Amber Rudd has not been moved out of her job as secretary of state for work and pensions amid concerns the pensions industry could have had its seventh politician in that office since the 2015 general election.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Hyperbolic discounting and political temptation: Why Brexit-fuelled AE reversal would be a 'monumental' mistake
The home secretary has suggested AE should be scrapped in the event of a no-deal Brexit. Darren Philp explains why this would be misguided
The government suffered a major High Court defeat after guidance forcing the LGPS to invest in line with UK foreign policy was deemed unlawful. Stephanie Baxter finds it could have far-reaching consequences.