Lib Dems pledge pension tax relief review; commit to triple lock

Promise second EU referendum

Tom Ellis
clock • 2 min read

The Liberal Democrats have pledged to review the case for a single rate of pensions tax relief and committed to maintaining the triple lock in their election manifesto.

The party, which suffered in the 2015 election when it was left with just eight MPs, has also said it will raise all income tax by 1p to raise £6bn for the NHS and social care services and promised its flagship policy of delivering a second EU referendum following the conclusion of Brexit negotiations. The party said increasing life expectancy is bringing challenges to long-term savings and future pensioners may need an income that can last up to 40 years. If elected, it would "establish a review to consider the case for, and practical implications of, introducing a single rate of tax...

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 Your profession

Shackleton launches as national advice firm with four acquisitions

Shackleton launches as national advice firm with four acquisitions

Skerritts Group rebrands to Shackleton

Sahar Nazir
clock 02 December 2024 • 2 min read
Feel Good Friday: Quilter Foundation sponsored charity hosts 'wishmas'

Feel Good Friday: Quilter Foundation sponsored charity hosts 'wishmas'

Event was made possible with £10,000 donation from Quilter

Professional Adviser
clock 29 November 2024 • 1 min read
Independent or restricted: What's in a name?

Independent or restricted: What's in a name?

Shifting the focus to 'regulated advice'

Anthony Carty
clock 28 November 2024 • 4 min read