Annuity should be tax-free for seniors

When the employer contributes towards the employee’s NPS Tier-I account, it is eligible for tax deduction under Section 80CCD (2) of the Income-tax Act.


Winners and losers in Rishis 25 percent pension tax relief

It would be good news for basic rate taxpayers who’d receive a more generous bonus but would create a big dent in the future pension pots of higher and additional rate taxpayers unless they increased their contributions.


Huge support for pension tax reform over current regime

Whilst respondents remain split over how to reform the regime, more than three-quarters say the 2020 Budget changes have not mitigated the problems they are facing and 78% support more help for those on lower incomes even if this means less relief elsewhe