Pension funds attack allowance changes
- NAPF warns new pension allowances will undermine schemes
- Those earning less than the targeted £150,000 will be hit
- Treasury £110m implementation cost estimate way too low, says NAPF
- Alternative suggested of £45,000-£60,000 Annual Allowance
The National Association for Pension Funds (NAPF) has called on the government to review its plans to reduce the amount of tax relief available for those with income of more than £150,000 a year, arguing that the changes would be expensive to implement and undermine pension provision for less well off employees.
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