Landmark’s Blog
Pension Tax relief slashed for higher earners
Published on 29th April, 2009 at 11:21 by Eric Mowinski.
Pension tax relief for higher earners has been reduced. Will it be worth making a contribution?
As mentioned in earlier blogs the chancellor will tax us to the limit over the next few years. One of the first areas of attack is the pension tax relief for higher earners.
From 2011/12 tax relief will be restricted to 20% for those with incomes over £180,000.
Don't think you can make big contributions leading up to this date as the chancellor has introduced "anti- forestalling measures" which limit the relief available for those earning over £150,000.
Believe me this is only the start.
Posted under the following tags: pension, taxrelief, chancellor, budget.
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