NAPF urges MPs to block pension taxation changes

The trade body warned the changes - put forward in the Budget - would have a negative effect on pension saving. The NAPF has already given evidence to the House of Lords economic affairs sub-committee to outline its concerns. These include the proposals break the long-established "EET2 principle" on which UK pensions have been based by withdrawing tax relief on employee contributions and imposing a tax charge on the individual on his employer contributions. It said: "Having broken this principle, there is a risk that future governments will make the same changes for those on lower inc...