The new Chancellor is either poised to pick up the debate on pension taxation in his first year in office or to drop it from the current legislative agenda, Sheriar Bradbury has said.
The Bradbury Hamilton managing director suggested it was unlikely the debate, which is broadly considered to be unpopular with Tory voters, would be reignited in the middle of the parliamentary term, when it could influence the next election. New Chancellor Philip Hammond (pictured) will deliver his Autumn Statement on 23 November followed by his first Budget speech next March. Pension taxation was heavily debated earlier this year when previous Chancellor George Osborne launched a consultation, asking the industry whether the system should be turned on its head. The taxman currently ...
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
