NHS Pension Scheme: Tapered Annual Allowance

Part of the debate – in Westminster Hall at 11:15 am on 2nd April 2019.

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Photo of Julian Knight Julian Knight Conservative, Solihull 11:15 am, 2nd April 2019

Does the Minister agree that a potential issue is that this acts as a cap on the amount of tax relief that is given out? We know that this is not progressive in terms of higher-rate tax relief on pensions. Would it not be better for us to look at a system in which we have a flat rate of 25p, 28p or 30p in the pound, rather than the higher rate? That would mitigate, or mean that we did not need, those lifetime and annual allowances?