Thousands of higher and additional rate taxpayers will take advantage of current pension rules in the coming weeks in order to maximise their contributions, pension experts have said.
Wealthy earners may see the higher-rate tax relief on pensions cut significantly in next month's Budget, says Treasury chief secretary Danny Alexander.
Poor pension and annuity choices mean that savers could risk dramatically cutting their retirement income by nearly a quarter (24 per cent), according new a report made by the Pensions Policy Institute (PPI) for the National Association of Pension Funds (NAPF).