Pension tax relief under threat, state pension confusion and new ISA investments yielding high returns - here are three things that may have caught your clients' attention over the weekend...
'Raid on pensions' Higher earning workers face drastic cuts to their income under plans for a government 'pension tax raid', designed to cut the £34bn pension tax relief budget, the Daily Mail's This is Moneywrote on Saturday. The paper calculated high-earning savers could lose £100 a month from their take-home pay under the proposals. The article referred to the idea of introducing a flat rate of tax relief - one of three proposals the government consulted on last year in its bid to reform the pension tax relief system, details of which are expected to be announced in the March...
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