Tom Selby: Why the Chancellor should think again on MPAA cut

Pension tax relief has been like catnip to Conservative Chancellors since 2010. George Osborne, prior to his brutal post-Brexit vote ousting by Theresa May, oversaw two cuts in the annual allowance during his five-year tenure. He was also responsible for the introduction of the hideously complex annual allowance taper, which progressively lowers the amount clients can put into a pension each year. Under the rules, the annual allowance gradually reduces from £40,000 for those with earnings below £150,000, to £10,000 for those with earnings of more than £210,000. Advice will be absolute...