Should we tax pensions more?

Updated
hands holding wooden letters spelling words
hands holding wooden letters spelling words

Taxing pensions is always thoroughly unpopular and an almost certain-death for a political party considering the strength of the grey vote, but could bumping up tax on pensions encourage people to work longer.

Despite the retirement age increasing, with a rise to 68 pegged in by 2028, people's expectations of their own retirement date remains firmly at 65. Unfortunately the reality of most people's pension pots won't live up to their retirement expectations.

Advertisement