Pension funds propose alternative to cut in tax relief

The trade body has put forward proposals to the chancellor of the exchequer ahead of next month's Budget. The NAPF's budget submission - published today - highlighted two key proposals for the government: to abandon its "complex and costly" proposals on the tax treatment of pensions; and to increase the supply of long-dated and index-linked gilts. The NAPF warned the government's tax regime would not just affect the top 1% of earners - but could in fact hit those earning between £40,000 and £80,000 a year. It used case studies to illustrate how many employers could be caught for ra...