Alan Steel AM warns beef up pensions now

Upper bracket tax payers who have not earned over £150,000 in any of the last three years, making them exempt from the high earner rules, should be advised to use 2010 to put as much into their pensions as they can afford, urges Steven Forbes. "It used to be pension contributions were a good way to reduce your tax bill, but with the recent legislation restricting higher rate tax relief, it is becoming more and more likely that higher rate tax relief may be withdrawn altogether in the near future," Forbes says. "As a result I would suggest that any higher rate tax payer who is not caug...