Be brave Osborne and cut higher rate pension tax relief

Updated
Wolf
Wolf

It's the evergreen topic for ministers, political pundits and financial journalists; will the government ever get rid of higher rate pension tax relief? As the rumour mill turns ahead of the Autumn Statement, the government should just go ahead and cut it.

The story of the higher rate pension tax relief has much in common with the tale of The Boy Who Cried Wolf. Every Budget, emergency Budget, and Autumn Statement heralds the announcement that 'the chancellor is cutting 40% relief'.

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