View more on these topics

PBR: Higher rate pension tax relief safe until at least 2015/16

Chancellor Alistair Darling has confirmed that higher rate tax relief on pension funds will remain until at least 2015/16.

Industry experts were concerned Darling might have tampered with this relief to pay for the 2.5 per cent cut in VAT.

But during his pre-Budget report speech, he said: “I intend to maintain the ceiling on tax relief given to people with pension funds of up to 1.8 million up to and including 2015/16.”

Darling did not cave in to calls to substantially increase the basic state pension, confirming it would rise in April next year from £90.70 to £95.24 with inflation as expected.

Recommended

Broker Talkback

Do you agree with the Competition Commission’s decision to ban point of sale PPI?

In search of value? Banks and the sectors leading Europe’s recovery

By Rob Burnett, head of European equities, Neptune  After nine years of underperformance versus quality growth, Rob Burnett, manager of the Neptune European Opportunities Fund, believes that value strategies have reached an inflection point. Watch Rob discuss why he believes value is well positioned to resume its historical trend of outperformance. Click here to watch […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com