Flatlining UK saving culture 'can be saved' by switch to ISA regime

His latest report, An ISA-Centric Savings World attacks the current tax relief system and argues it should be replaced by ISAs. Johnson again said the current system of pension tax relief is expensive, incompatible, inequitable, illogical, incomprehensible and, crucially, an ineffective use of Treasury funds. The report comes after the closure of the government green paper on tax relief changes, announced in the Budget. George Osborne said he was open to ideas on how to alter the current system and was considering moving to an ISA-style tax set up for pensions. The idea had previou...