ABI proposes tax breaks to solve pension crisis

Professional Adviser
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The Association of British Insurers is to present government with a new proposal for tax breaks as a...

The Association of British Insurers is to present government with a new proposal for tax breaks as a way of encouraging employers to contribute to pension schemes and help solve the country's looming pension crisis. The Pension Contribution Tax Credit, PCTC, is designed to provide employers with an incentive to contribute to pensions, increasing the number of employer sponsored schemes and encouraging employees to save for their futures. "It will enable employers to contribute £100 to an employee's pension scheme at a cost of less than £60, compared to £80 now," the ABI says. ...

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