Plans to alter the tax-relief given to people who make pension contributions have been shelved.
Over the past few weeks, speculation has been mounting that George Osborne was planning a radical overhaul to the existing system of pension tax-relief, causing concern amongst many investors, all that now seems to have changed.
How does pension tax-relief work?
Currently, for every £80 paid into a pension, the Government adds an additional £20 through tax-relief. Higher rate taxpayers can claim back an extra £20, taking the net cost of a ...