Is Rachel Reeves planning a £24bn pension tax raid? Investing It has been reported that the Treasury is considering what could amount to a £24bn pension tax raid as Rachel Reeves tries to plug her £22bn budget black hole. The Chancellor has reportedly been looking at tax relief on pension contributions, specifically, employers’ national insurance relief. There are two forms of national insurance. Employees, paid [...]
Companies need to boost employee pensions says IFS Economics Approximately 30 per cent to 40 per cent of private sector employees will have individual incomes in retirement that fall short of standard benchmarks, the IFS said.