Pension tax relief raid in Autumn UK Budget risks 'opt-out' culture

clock • 6 min read

Any change to UK pension tax relief which results in reduced take home pay would risk increased ‘opt-outs', and the creation of a culture where opting-out is justifiable in the minds of individuals, the Society of Pension Professionals (SPP) has argued in its "Tax Paper: ‘Myth-busting'" published on 24 June. The representative body for a wide range of pension advisers and service providers said this issue might especially arise if workers suffer immediate tax consequences on employer pensi...

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