Pensions tax relief reform options 'too complicated'

The 40-page government document outlined the differences in outcomes for some low earners under the current relief system and collated issues raised by stakeholders, and suggestions for changes to the tax relief administration. The Treasury is calling for responses from the industry by 13 October, admitting it has never provided a "straightforward and proportionate" solution to tax relief problems. Hymans Robertson head of DC provider relations Mike Ambery said any solution would need to be put in the context of the overall £40bn tax relief bill.   "It's a fiendishly complex issue ...