View more on these topics

Brown hints at axing higher rate relief

Prime Minister Gordon Brown has reportedly hinted that higher rate tax relief on pension contributions could be scrapped in next week’s Budget.

An article in today’s Daily Mail says Brown suggested the move at a breakfast meeting hosted by the Scottish arm of the Confederation of British Industry.

The meeting was attended by Cabinet Secretary Sir Gus O’Donnell, Secretary of State for Scotland Jim Murphy and various figures from the financial services industry.

Money Marketing has heard from a number of sources that the proposal to scrap higher rate tax relief
is being seriously considered this year, potentially as a means to pay for a boost to the Isa regime.

A number of advisers, including Dennehy Weller & Co, have urged their clients to make planned pension contributions now in anticipation that Chancellor Alistair Darling will axe the relief on Wednesday.


Annual Kickout Plan from Keydata

Keydata has launched its first five-year Annual Kickout Plan, which offers investors the choice of early maturity at each plan anniversary, with a rising bonus facility.

Where, not what

The Miton approach that generated positive returns in our balanced managed funds in 2008 is the unconstrained management of asset allocation. We believe fervently it is where one invests, rather than what one buys that determines the absolute return of a fund.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm