3rd December 2014
The Government has abandoned plans to allow over-75s to receive tax relief on their pension contributions.
In the March Budget the Government said it would be exploring with interested parties “whether those tax rules that prevent individuals aged 75 and over from claiming tax relief on their pension contributions should be amended or abolished.
The announcement followed calls for the changes to reflect the number of people staying in work beyond the state pension age. However the Government has now confirmed that following an informal consultation it will keep the age limit for tax relief on contributions at 75.