Will flat-rate tax relief make pensions even more complex?

Keeping it simple is not on the government's to do list

clock • 4 min read

A flat-rate of tax relief is believed to be the Treasury's preferred option for future pension taxation. But can the system ever be simple, asks Neil MacGillivray

As the Budget fast approaches, there has been much speculation as to the outcome of the Green Paper - Strengthening the incentive to save: A consultation on pension tax relief. The aim of the consultation is to consider how to incentivise more people to save for retirement with any government support to be simple and transparent. I am sure we would all accept that these are good intentions but there is great emphasis placed on the long-term sustainability of any changes and can the government seriously achieve simplicity? If the speculation is to be believed it appears the governme...

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