Saffery Champness mulls prospects of controversial IFS tax hit on pensions

As the UK Chancellor's upcoming Budget on the 15 March approaches, Mike Hodges, partner and head of private wealth team at accounting firm Saffery Champness, argues that the Institute of Fiscal Studies (IFS)'s controversial proposals to tax pensions in new ways is "unlikely" to happen.  Hodges said in an early briefing note: "With the UK's economic growth flatlining in the last quarter, the Chancellor will be under renewed pressure from certain areas of his party to reduce taxes to somewhere between the high-point established in his Autumn Statement and the low-point of the former Chance...