Sunday 4 December 2016

Charlie Weston: UK model on pension tax relief is the one to adopt

Published 21/10/2010 | 05:00

MOVES in the UK to restrict the amount of money that can be put into a pension to get tax relief should be replicated here.

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Last week the British government announced that the tax relief on pensions will be limited to combined contributions of both the employee and the employer of £50,000 (€57,000) a year. This is down sharply from the current ceiling, which is five times that.

There had been suggestions that the limit would be nearer £30,000 a year, which would have hit many on relatively modest incomes who had many years of service with their employer.

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