L&G offers pension tax alternative

Pow, Helen
June 2009
Money Marketing;6/25/2009, p68
The article reports on Legal &General's scrapping of budget proposals on higher-rate pension tax relief in favour of annual contribution allowance to £50,000 in Great Britain. The firm stated the said annual allowance would generate £3.1 billion annually for the Treasury similar as that expected from Chancellor Alistair Darling's budget proposals. Wealth policy director Adrian Boulding expressed that this would encourage people to defer income these days and take it in the future.


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