Government Restricts Higher Rate Relief on Pension Contributions

In today’s Budget the Chancellor has restricted higher rate tax relief on employee contributions to pensions where the employee earns £150,000 or more and makes annual contributions of £20,000 or more.

For further details see this

Good news ISA allowances have been immediately increased to £10,500 for the over 50’s and for everyone from 6th April 2010.

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