NEWS & VIEWS

Pension Tax Relief unchanged...for now?

There has been much talk and speculation in recent years on the subject of changes to tax relief on contributions to pensions. Providing some clarity to this, the Secretary of State for Work and Pensions, David Gauke, said at a conference in London on 4th July that he didn't see “a particular consensus emerging” for an overhaul of retirement savings incentives. He added “The idea of reforming pensions tax relief in the previous parliament was somewhat daunting and recent events haven’t changed that.” He confirmed that there was a need to look at long term challenges with the cost of tax relief but wouldn’t see any fundamental changes in the near future. Comment This is not entirely surprisin

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