TaxPersonal TaxBudget 09: Darling clamps down on high earners’ pension tax relief

Budget 09: Darling clamps down on high earners' pension tax relief

Chancellor cuts tax relief on pension contributions for £150,000+ earners

Pension tax breaks for the nation’s top earners have been cut by Alistair
Darling.

The 40% higher rate of relief on contributions for those earning more than
£150,000 will be scrapped from April 2011.

A person contributing £100,000 a year to their pension pot will now only be
able to get relief on £20,000 when they find themselves under the basic rate of
20%.

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