Assessing the Tory IHT/pension tax relief pledge

It seems scarcely a Budget or Autumn Statement goes by without some change to the tax treatment of private pension plans.  It is, therefore, unsurprising that pensions should also be vulnerable to tinkering in the run-up to the general election.  Labour has already announced plans to cut the rate of tax relief for those earning more than £150,000 a year - the threshold for paying the 45% additional rate of income tax - and over the weekend David Cameron announced how the Conservatives would change the way tax relief operates following a victory at the polls. In order to fund a new ...