Tom Selby: A Covid-19 pension tax relief raid could exacerbate generational pensions divide

The DB challenge

Tom Selby: "Younger people would be clear losers if higher-rate pension tax relief is abolished."

Tom Selby: "Younger people would be clear losers if higher-rate pension tax relief is abolished."

With rumours once again swirling around the future of pensions tax relief in the run up to this year's budget, comments Tom Selby, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions...

One of these days I'm going to run a sweepstake for when the annual ‘higher-rate pension tax relief is about to be axed' rumour first gets aired. This year, if you'd backed the last weekend of Augu...

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