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Pensions tax relief changes: a positive step

I welcome the change of approach.  Moving to a system where relief is restricted to monetary amounts rather than by reference to earnings is a positive step.  I say this not from political imperative but out of practicality.  People need to know where they stand.  A financial limit is clear and simple: an income based system requires people to know what their income is during a tax year.  For employees that may not be a problem but for the entrepreneurial clients I deal with it can often take months to determine the precise level of income.  The previous proposals would have been a nightmare to deal with for clients with earnings hovering around the £150K mark.

The £50 000 limit is more generous than I anticipated and the ability to carry forward unused relief is an expected bonus. I can certainly see this being used by many clients.  Earnings don’t...

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