London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Pension tax relief under threat

There is a lot of speculation (again) as we approach the Budget on whether higher rate relief on pension contributions will be abolished.  So far the tax relief remains but subject to increasing restrictive limits over the contribution amount.

The next Budget is on 8 July and the Conservatives made a manifesto commitment to cut tax relief on pension for those earning over £150,000.

The proposal appears to be that the tax relief will be restricted by 50p for every £1 of income in excess of £150,000, to a minimum of £10,000.

Whilst we do not yet know what will be in the Budget if you are a high earner you may wish to consider accelerating any contributions.



Date: 1st July, 2015
Author: Cathy Corns


Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.


Football #finance short-term cost control, profitability and sustainability @mercerhole Andy Turner sheds light on……

Lisa Spearman, Private Client Partner updates on 'Changes to Main Residence Relief from Capital Gains Tax'……



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn