Advisers shun govt plans for ISA-style pensions and flat rate tax relief

Carmen Reichman
clock

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

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Pensions and divorce: Where advisers can add the most value

Pensions and divorce: Where advisers can add the most value

'A pension is not simply another line on a balance sheet'

Tim Latham
clock 12 May 2026 • 4 min read
'A paralysis of the UK pension system' - The reality of transfer delays

'A paralysis of the UK pension system' - The reality of transfer delays

Provider ‘stalling’ causing tense SASS client case

Isabel Baxter
clock 12 May 2026 • 6 min read
WBR group buys financial planning firm's SSAS book

WBR group buys financial planning firm's SSAS book

Part of long-term growth strategy

Jenna Brown
clock 05 May 2026 • 2 min read