Scrap pensions tax relief - think tank
Tax relief on pensions should be replaced by a Treasury contribution of 50p per £1 saved, argues a radical report by Michael Johnson for influential think tank the Centre for Policy Studies (CPS).
The government contribution would be up to an annual allowance and would be paid irrespective of savers' taxpaying status, according to Johnson's report Incentivising retirement saving: the end of tax...
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![Charles Counsel: "Savers [could] rush into decisions about their pensions."](/api/v1/wps/b38b558/25d86cc7-92c7-4352-8653-282bb2137e98/6/counsell-charles-tpr-230x142.jpg "Charles Counsel: \"Savers [could] rush into decisions about their pensions.\"")
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