Tax relief

The Government is to relax its pension anti-forestalling rules, raising its contribution limit to £30,000.

I am sure we are all aware that the government intends to include provisions in the Finance Act 2009 to restrict higher rate tax relief on pension contributions by individuals with taxable income of £150,000 or more.

Changes to tax relief on pension contributions risk damaging pension saving in the UK, according to the Lords Finance Bill Committee.

The Government's anti-forestalling rules for higher rate tax relief are putting SIPPs and smaller pension schemes at a huge disadvantage to larger group schemes, industry experts say.

Government moves to cut tax relief on the pension contributions of high earners will further undermine trust in the system, the Association of British Insurers (ABI) warns.

AWD Chase de Vere Consulting has published a guide for high earners, answering their questions about complex changes to tax relief announced in last month's Budget.

Removing higher-rate tax relief for the well paid will undermine the A-Day agreement and sends out the wrong message on pension savings.

Americans will today receive the first payments in President George W Bush's £168bn stimulus package aimed at reviving the ailing economy.

US President George W Bush has once again predicted the struggling American economy will sidestep a recession.

US President George Bush has demanded Congress enact his $150bn tax relief plan as soon as possible as the economy enters a "period of uncertainty".