Industry warns of 'pensions raid' to fund IHT reduction

Stephanie Baxter
clock

The pensions industry has warned that tax relief cuts announced today will deter people from saving into a pension and make the tax system even more complex.

The chancellor confirmed today in his Summer Budget that cuts will be made to tax relief that high earners can claim on pension contributions in order to fund an increase in the inheritance tax thr...

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 Law and Regulation

How TPR is using regulatory intervention reports

How TPR is using regulatory intervention reports

Chris Edwards-Earl takes a look at the RIR for the MGN Pension Scheme

Chris Edwards-Earl
clock 16 May 2025 • 3 min read
Government launches LGPS consultation proposing reforms to improve fairness

Government launches LGPS consultation proposing reforms to improve fairness

Government says reforms will bring ‘fairness’ and ‘equality’ to workers in the LGPS

Martin Richmond
clock 15 May 2025 • 5 min read
TPR calls for retirement 'sat-nav' following PPI research

TPR calls for retirement 'sat-nav' following PPI research

TPR and PPI research finds most fully withdraw DC savings without consulting advice

Jasmine Urquhart
clock 14 May 2025 • 3 min read
Trustpilot