The 250% pension tax; Drug money saved banks - papers

From April 2011, the Government will withdraw pensions tax relief from those earning more than £150,000 It will do this, in part, by imposing a personal tax charge on higher-earners in occupational schemes when their company pays money into their pension reports The Times. The level of the tax charge will vary according to earnings: someone earning £160,000 will pay 10%, those on £170,000 face a 20% hit and people earning £180,000 or more will pay 30% on their employer contributions. See story...