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Talkback

Should occupational and personal pension plans have the same single tax regime?

“Yes, I would like to see it happen but, with the way they complicate things, they would probably come out with something entirely different and confusing.”

John Dixon, John Dixon Financial Services

“Yes, the whole pension system is so staggeringly complicated these days, it takes a genius to figure out what is going on. Anything they can do to make it simpler would make sense.”

Mark Wilkins, Equity Financial Planning

“Yes. There are some discrepancies between the amount that people can contribute between the two plans. It is unfair.”

Steve Danson, SFD Independent Financial Advice

“Yes. There should be because it would just make life a lot easier for everybody.”

Henry Simpson, Simpson Financial Planning

“Yes because two pension regimes are more complicated than is necessary.”

Michael Forward IFA

“Yes. If people are contributing to their pension, they should be taxed in the same way across the piece.”

Paul King, Foreman Bassett Insurance Brokers

“Yes. It would be fairer for everybody who has a pension that way.”

Peter Hamilton-Lesser, Hamilton-Lesser & Co

“Yes. To make it a level playing field would be better.”

Arthur Temlett, Abacus Insurance Consultants

“Yes, I think it would be a good idea. Anything that simplifies pensions would be an improvement on what they have at the moment.”

Geoffrey Wilkes, Geoff Wilkes Financial Services

yes 100%

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