Pensions: Tax Allowances
(asked on 1st July 2015) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what plans he has for future policy on pension tax relief.
This question was answered on 10th July 2015
The Summer Budget 2015 announced that the government is consulting on whether there is a case for reforming pensions tax relief to strengthen the incentive to save.
To help control the cost of pensions tax relief in the short term, the Summer Budget also confirmed the manifesto commitment to introduce a taper to the Annual Allowance for those with incomes, including pension contributions, above £150,000.