Welcome simplification forpension tax regime

There are far too few 'real change' opportunities that can fundamentally change people's lives. The stunning simplicity of the Inland Revenue's proposed pre-retirement tax regime concept is a once in a generation opportunity which must be grasped. We strongly support the key principle that people should enjoy tax relief to build up a fund to deliver their income needs in retirement, and accept there should be a maximum fund, with tax claw-back where this is exceeded. The idea of having a maximum tax relieved fund is not new. Individual's funding on a money purchase basis, for example ...