13 Jul 2009
A recent article written by one of the UK's most respected pensions commentators Colin Jelley of Skandia life suggests that the writing could be on the wall for higher rate tax relief on pensions as part of the governments bid to recoup the huge sums it has spent propping up the ailing economy.
Ron Walker, Managing Partner of Rowlands Wealth Management says "The government has to get the money from somewhere and cutting pensions tax relief would certainly be consistent with their track record of raising taxes by stealth. Higher rate taxpayers should consider maximising their pension contributions now while the top rate tax relief is still available."
You can read Colin Jelley's article here: http://www.ifaonline.co.uk