Posted: Mar 08, 2016
The Chancellor's decision to defer any major changes to pension tax relief is a sensible one, with automatic enrolment at its peak and the pension freedoms still bedding in. The fact that the Government has conducted such an open debate on incentives to save has been useful though. Not least, it has reinforced how important it is to make the most of the current pension tax system.
With retirement savings very much in the news, now is a good time to recap the true value of the current incentives to save in to a pension.