Via the UK200Group, BKL tax partner David Whiscombe has responded to reports that the government may move to scrap remaining special tax reliefs on pension contributions for higher earners.
‘By definition, retirement planning requires you to think about what is going to happen many decades into the future. So the one thing that is important above all is stability.
Changing the rules every five minutes undermines the whole concept of pension planning. So what have successive governments done in recent years? Er… constantly changed the rules. I despair.’