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Labour confirms pension tax relief cut to fund jobs will be in 2015 manifesto

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Labour confirms pension tax relief cut to fund jobs will be in 2015 manifesto

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  • This comes after Chief Secretary to the Treasury Danny Alexander announced last week that there will be no changes to pensions tax relief in this year’s Budget.
  • Labour has previously voiced plans to restrict pensions tax relief for people earning over £150,000 per year to the same rate afforded to basic rate taxpayers to fund jobs.
  • Restricting tax relief would raise between £900m and £1.3m, the party said.

Read the full article, here, on Professional Pensions

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