Pension scheming
Sir: As a pensions professional who has witnessed his once-mighty industry’s sustaining of blow after blow, I was heartened to read The Spectator’s call for Conservatives to resist the temptation to make ‘yet another raid on pension funds’ (Leading article, 25 February).
The government’s lack of understanding of pensions tax relief was revealed in the Chief Secretary to the Treasury’s reported comment on how much ‘we spend’ on higher-rate relief on pension contributions.
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