Potential change; tax relief on pension contributions

piggy-bank-850607_1920A potential change making the news in the run up to the Budget was the elimination of tax relief on pension contributions, or alternatively the introduction of a flat rate.

This was further costly news for small business owners.

However… it now looks like this radical change has been discounted and tax relief on pension payments will remain.

The budget will be delivered by George Osbourne at 12.30pm today (16th March) and we will be posting a budget summary once we have digested the impacts to businesses and to their owners. Stay tuned for our reaction and what this will mean for you.