The majority of advisers have joined the chorus against a switch to ISA-style pension taxation, or move to introduce a flat rate of pension tax relief, research suggested.
Only a third advisers supported the move to a flat rate tax incentive and there was almost no support for ISA style pensions, provider AJ Bell found after questioning 170 advisers. The government is currently looking into a change in the tax relief people get on their retirement savings - from upfront to an Isa-style relief on withdrawal - in its ‘Strengthening the incentive to save' consultation. Drawing on recommendations by The Centre for Policy Studies, which called for a full unification of pensions and ISA regimes, the government wants see whether the move would entice people to...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
