Whatever the outcome of the tax relief green paper the government should use legislation to enforce a set period of stability for UK pensions, Neil MacGillivray has said.
James Hay's head of technical support said the government should bar further major pension reforms for a set period once a decision has been reached about the tax treatment of pension contributions. The government is currently considering changing the way tax relief on pensions is distributed following an announcement in the Budget which said pensions could become more like ISAs. MacGillivray said Treasury officials had been out and about at numerous industry meetings and were listening to what experts had to say. The government consultation on the green paper runs until 30 Septemb...
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