A letter from the Treasury to AJ Bell appears to rule out any major reforms of the UK's pension tax framework over the next few years, explaining "now is not the right time" for significant changes.
Last month, AJ Bell chief executive Andy Bell (pictured) wrote to pensions minister Richard Harrington to urge UK policymakers to take a more measured, long-term approach to pensions tax policy centred around an independent review of the pensions system. On 2 March, in response to his letter, Treasury financial secretary Jane Ellison wrote: "As you are aware, an extensive consultation was conducted last year which considered changes to the pensions tax framework. This concluded that now is not the right time to undertake significant reform. "Given this, the government does not think i...
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