Jason Hollands: Is the 'Golden Age' of pension tax relief set to end?

Higher-rate clients should act now

clock • 4 min read

There is no certainty what the autumn Budget might bring for pensions but, writes Jason Hollands, it would be naïve to think any changes will make them more attractive than they currently are for higher-rate taxpayers

The future availability of tax relief on pension contributions at the higher and additional rates of income tax has been in doubt for a few years now, leading commentators - including ourselves - periodically to warn that those able to benefit from the current generous arrangements should make use of them while they can. An overhaul to pension tax reliefs looked practically certain under George Osborne's tenure as Chancellor of the Exchequer, with HM Treasury launching a consultation on pension tax reliefs in July 2015. This noted the rising participation in workplace pensions due to ...

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