'Scrap pension tax relief altogether' - Hargreaves Lansdown

Proposals will motivate the young - Tom McPhail

Tom Ellis
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'Scrap pension tax relief altogether' - Hargreaves Lansdown

Hargreaves Lansdown has called for sweeping changes to the structure of the pension system ahead of next month's Autumn Statement, proposing the government scraps pension tax relief and replaces it with a bonus system to help motivate young savers.

With a view to dropping the current system, the firm has proposed a ‘100 minus age' system where the government provides a percentage bonus on top of pension contributions equal to 100 minus the age of...

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