Budget 2010: Today's pensions tax relief decisions in full

• The Government has decided that a stepped taper of 1% of relief for every £1,000 of gross income is the most appropriate way to taper down the rate of relief available. • The Government is not minded to compel alignment of pension input periods with the tax year for the purposes of assessing pension benefit accrual against the annual allowance. • The Government continues to believe it is appropriate to operate an income lookback in the year of drawing benefits, and will consider how such a look-back test might operate in practice. • The restriction of relief will not apply i...