Previous plans by the Government to . But experts raise concern over inaction on social care reform and public health funding. We compare this reform with an alternative transition proposed by the Federation of German Pension. Insurance Institutes (VDR), where double taxation is avoided.
How that is viewed as part of wider pension reforms is yet to be seen.
With the two major reforms of the Danish pension -system Welfare Agreement –. Overall, pension tax relief costs the Treasury nearly £billion a year. If the government were to cap all tax relief on pension contributions at . A raid on popular pension tax breaks to drum up cash for other. Advisers believe social care funding should be prioritised over pension tax reform in the upcoming Budget, according to Aegon.
Pensions tax relief has an upfront cost estimated to . Sir Steve Webb, a former pensions minister, said: “Words like mayhem spring to mind when thinking of the reform. Reports that Boris Johnson and the new chancellor, Rishi Sunak, are preparing tax rises in the budget on March have raised concerns .