Tom McPhail

Employer tax rate cuts will help offset auto-enrolment pension costs, Hargreaves Lansdown says.

Gordon Brown has sparked confusion over Labour policy on high earners pensions after he reiterated plans to remove tax relief for those earning more than £100,000.

Gordon Brown's suggestion the Labour Party would extend its policy to restrict pensions tax relief to include people earning more than £100,000 was a "slip of the tongue", a Labour spokesman says.

UK - Gordon Brown's suggestion the Labour Party would extend its policy to restrict pensions tax relief to include people earning more than £100,000 was a "slip of the tongue", a Labour spokesman says.

The Labour Party could extend its restriction on higher rate pensions tax relief to include people earning more than £100,000, Gordon Brown suggested last night.

UK - The Labour Party could extend its restriction on higher rate pensions tax relief to include people earning more than £100,000 (US$153,140), Gordon Brown suggested last night.

The Confederation for British Industry's claim that NEST will be deserted by workers fleeing the 2% charge is "absolute rubbish", Tom McPhail says.

Reform of the Open Market Option would boost government coffers by £1.7bn over 20 years and should form part of all political manifestos, a lobby group says.

The industry has lambasted proposals to restrict higher-rate tax relief for those earning more than £130,000.

Yesterday (March 3), the government closed its consultation on plans to restrict higher-rate tax relief on pension contributions from April 2011.