Here’s another tax change which, as often rehearsed on these pages, has been on the cards for 40 years or more but never happened. The ditching of high rate tax relief on pensions has been a budget rumour for as long as I’ve taken notice of budgets (sort of happens when you’re 20-something and realise you’re paying tax). The difference isn that we now have a) a brave Chancellor (who knew?) b) with support from the ABI, which represents the big pension companies who c) needs to raise cash without upsetting the Northern Powerhouse working man and woman. Seems to me like a shoo-in-no-brainer this time around.
“Why you should never retire”
On my 50th birthday, I will always remember, amongst the card or two I received was a letter from Saga’ who’d managed to find out my age through the wonder of the internet, and were pleased to tell me I now qualified to join my parents and go on holiday with them.
