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Friday 21st of January 2011

News Tag: tax relief

October 14, 2010

Pension tax relief slashed as Government looks to save more money

by Kay Murchie
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 on pension savings ...