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01 Jul 2009
Changes to the taxing of pensions were likely to damage the UK's reputation in its fight for business talent, a UK parliamentary committee has warned.
The House of Lords committee on Economic Affairs said government officials had been over optimistic in their assessment of pension tax changes, reports the FT.
'As was put to us by our private sector witnesses, the people affected are likely to be the opinion formers in the business world and an adverse impact on them, particularly when coupled with the change in the highest rate of income tax, may well produce upward pressure on the cost of employing highly paid talent,' stated the committee's report.
Higher rate tax relief on pensions contributionsd for those with incomes of £150,000 is set to be removed, leaving the basic rate.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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