Philip Hammond has failed to address the net-pay anomaly affecting lower-paid earners who are missing out on tax-relief on their pension contributions in today's Autumn Budget.
It comes despite industry heavyweights urging the chancellor to take action on the net pay tax-relief anomaly earlier this month, which included the likes of former pensions minister Baroness Ros Altmann, and Sir Steve Webb - who is now director of policy at Royal London. Commenting on today's Budget, Now Pensions director of policy Adrian Boulding said it is "extremely disappointing" that the chancellor has chosen to ignore the 1.2 million low-earners in net pay schemes who are missing out on tax relief through no fault of their own. "One of the headline benefits of saving into a wor...
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