Finance Bill

If that is the case, the Department for Work and Pensions does not know what it is talking about. John Lawson, of Standard Life, described the Liberal Democrat tax proposals as ““extremely flawed””. He continued:"““The Lib Dems need to have a serious rethink of this proposal…Pensions under these proposals would become almost pointless””." Tom McPhail, head of pensions research at Hargreaves Lansdown, said that the removal of tax relief would have a"““catastrophic effect on pension funding””."