WMA warns against ‘anti-saving message’
The Wealth Management Association has warned that government cuts to pensions tax relief send an ‘anti-saving message’ regardless of the earning levels involved.
Savings
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Tax free lifetime allowance cut to 1m
The UK government is planning to cut the lifetime limit for tax-free pension saving to £1m from £1.25m, along with a series of measures designed to trigger a savings revolution.
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Industry giants rally combat savings crisis
A group of 150 financial companies are pushing for a savings minister, an overhaul of pension tax relief, and the development of a digital passport to tackle an emerging savings crisis.