Britons have lost out on £1.13bn of tax relief in the five years to 2020/21, according to Hargreaves Lansdown.
One of the big headliners in the Spring Statement was the cut in basic rate income tax from 20% to 19% from April 2024.
The Treasury has rejected any immediate changes to pensions tax relief, despite MP recommendations for an urgent reform.
SIPP and SSAS provider Curtis Banks has called for the protection of pension tax relief in the Budget on 11 March amid concerns relief could be chopped back or axed.
A new FOI reply to Steve Webb, director of policy at Royal London, suggests that far more low-paid and part-time workers are missing out on tax relief on their pension contributions than previously thought.
A survey of 700 DIY investors has revealed a raft of concerns from pension tax relief to ISAs.
Experts breathed a sigh of relief as Philip Hammond’s Budget yesterday avoided a tax raid on pensions.
You could be forgiven for thinking that it was Groundhog Day again.
Sipp and platform provider AJ Bell has urged Chancellor Philip Hammond to avoid slashing pension tax relief in the Budget after speculation that the Treasury will need to cut pensions relief to make up for shortfalls in revenue and to curtail the rising cost of pre and post-retirement tax benefits.
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