Pensions: Labour to cut tax-relief for the highest earners

iStock_000024336538_ExtraSmallIt has emerged that if Labour win the next election, they will cut tax-relief on pensions for the highest earners and use the proceeds to fund a new job creation program for young unemployed people. Under the plans Labour would reduce the tax-relief received by those people earning in excess of £150,000 each year from 45% to 20%. The money saved would be used to fund the Compulsory Jobs Guarantee, designed to help young people, who have been out of work for more ...

State Pension: The flat rate State Pension, good news or an opportunity missed?

State Pension: The flat rate State Pension, good news or an opportunity missed?The announcement that the government plans to introduce a new flat rate State Pension will dominate the news for a few days to come. Many pension experts have welcomed the changes, siting a simpler system, which will better target those most in need, however after assessing the detail a growing number of dissenting voices can now be heard. So, is the flat rate State Pension as good ...