Category Archives: Retirement Lifestyle

George Osborne backs down on radical pension reform

George Osborne backs down on radical pension reform
Photo : Lauren Hurley/PA

George Osborne has been forced to abandon a package of pension reforms, including reducing tax relief for higher earners, amid growing concern that their introduction could have prompted a backlash from affluent voters.

With less than a fortnight to go before the budget, Treasury insiders took the rare step on Friday of ruling out changes that had been mooted. The proposals had included the more radical option of creating a “pensions Isa” that would have eliminated pension tax relief for all those in work. Read more »