Government has 'no interest' in changing higher-rate tax policy

The Treasury has "no interest" in changing the policy of restricting higher-rate tax relief on pensi...

The Treasury has "no interest" in changing the policy of restricting higher-rate tax relief on pension contributions for people with incomes over £150,000 from April 2011, the National Association of Pension Funds says. The trade body's director of policy Nigel Peaple says the government is consulting on the implementation of this measure but will not change the policy. The proposals currently mean, for those with incomes above the £150,000 level, the value of pensions tax relief will be tapered down until it is 20% for those on incomes over £180,000 - making it worth the same for each ...