1 min read
02 Mar 2010

Written by Damien

Damien is one of the most widely quoted money and investment experts in the national press and has made numerous radio & TV appearances. He created MoneytotheMasses.com while working in the City when he became disillusioned with the way the public were left to fend for themselves because they could not afford financial advice.

More about Damien

Newsflash: Light at the end of the pension tunnel for high earners

The Treasury has accepted ‘in principle’ pension proposals from the Tax Incentivised Savings Associaton (Tisa) to reduce the annual allowance and restore higher rate tax relief.

Tisa director of retirement planning Malcolm Small believes it has enough support for its pension reforms to see it become Treasury policy later this year.

The proposals challenge the Treasury decision to taper higher rate pension relief to 20% for those earning £180,000 from April 2011.

So watch this space.............

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