Pension tax relief slashed as Government looks to save more money
It has been announced that the Government is to reduce the annual amount of pension tax-free income in order to save £4 billion a year, to reduce the spiralling budget deficit. The tax-free amount is being slashed from £255,000 a year to £50,000 from April 2011. High earners will continue to be paid tax relief [...]
Pension tax relief slashed as Government looks to save more money
