Tax  

Flat rate relief could see high earners £85k worse off

Meanwhile, a recent survey from the Association of Consulting Actuaries found UK employers have voiced overwhelming support for reform of pensions taxation, even if it means that some are worse off.

Although most employers did not support a reduction in the overall level of tax relief, two in five said this would be a price worth paying to help the government address the nation’s debt pile emerging from the Covid-19 pandemic.

amy.austin@ft.com

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