Pension tax relief could soar as auto-enrolment kicks in

However, Skandia's head of retirement planning, Adrian Walker said the effect is not expected to be seen until at least 2014 as smaller companies enter the system. "It's not likely to have such an impact in 2012 because the staging dates are going to be for the largest employers and a lot will have schemes in place already for a lot of their employees," he says. "But 2014, 2015 and beyond is going to be where the biggest hit is going to be." Walker's comments come after the latest figures from HM Revenue and Customs show pension savers were granted £32.9bn in tax relief during 2010-11...