Tom Selby: Will Treasury take nuclear option on pension tax relief?

Beware damaging uncertainty

clock • 3 min read

Ministers have already made noises about building consensus on certain areas of public policy and, Tom Selby points out, pensions are desperate for the kind of certainty consensus can bring

We do not even know when the Budget is going to be held yet the Treasury has already fired the starting gun on speculation about the future of pension tax relief. If you blinked - or do not subscribe to The Sunday Times - you might have missed the article in question, penned by political editor Tim Shipman at the end of July. "Philip Hammond is eyeing taxes on fuel, homes, pensions, incomes and business as he tries to use November's Budget to plug a multi-billion pound hole in public finances," Shipman wrote. "The Chancellor [has] ordered a line-by-line examination of public spending to ...

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