Should we scrap tax reliefs on pensions and create a lifetime ISA for all?

Category: ISA & pensions & retirement & savings & Uncategorized

A single Lifetime ISA for everyone should be created with all tax reliefs on pension contributions being scrapped, a leading figure at the Centre for Policy Studies (CPS) has proposed, according to an article published by the CPS. Research Fellow Michael Johnson said the opportunity has come for a radical overhaul of savings after the Chancellor launched a consultation into the future of the pensions tax regime in July.

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