Election puts pensions tax relief at risk

The upcoming general election may spell the end for generous tax relief on contributions to private pension plans. As recently as a year ago,  George Osborne, the chancellor of the exchequer at the time, was thought to favour scrapping up-front tax relief on pensions contribution altogether, with withdrawals from pension funds made tax-free instead. But Osborne backed away from the reforms amid a backlash from Conservative MPs and parts of the media – partly due to fear of alienating voters during the run-up to the EU referendum.

However, if a Conservative government is returned in [...]