Chancellor contemplates cuts to higher rate pensions tax relief

Holly Roach
clock • 3 min read

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%.

The Financial Times reported that one idea being considered is cutting pension tax relief for those earning £50,000 or more per year to help prime minister Boris Johnson's spending plans and raise ...

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 Industry

Smart Pension invests 15% of default fund in private markets

Smart Pension invests 15% of default fund in private markets

Commitment goes beyond the 10% recently agreed as part of the Mansion House Accord

Holly Roach
clock 28 May 2025 • 1 min read
Royal London completes connection to pensions dashboards ecosystem

Royal London completes connection to pensions dashboards ecosystem

Firm said connection was successful following ‘collaborative’ work with Maps

Holly Roach
clock 28 May 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

DB surpluses, endgame solutions, TPR innovation service, PP Live

Professional Pensions
clock 23 May 2025 • 1 min read
Trustpilot