Government criticised over savings confusion

A range of measures announced in the Pre-Budget Report, coupled with the official confirmation of the Pensions Act 2008, have created an increasingly complex landscape for UK savers. Vahey says the Government needs to sit back and create a simple, coordinated plan to increase savings in the UK following the Pension Bill's successful introduction into law. During last week's Pre-Budget Report (PBR), the Government announced plans to introduce a Savings Gateway scheme, giving low-income workers an additional 50% top-up as an incentive to save more. The Government also hinted at more tax ...