From Professional Pensions:
The Green party wants to halve the amount of tax relief given on pension contributions to fund a non-contributory ‘citizen’s pension’.
In its manifesto, published today, the party said tax relief amount to a "£40bn pound government subsidy" for a failed pension system.
It said: "The performance of the private pensions industry is dismal - the total paid out in private pensions each year is no more than the subsidy that the government gives the industry."
The Greens said they would halve the amount paid out in tax relief and would further limit the annual allowance to make the sure more of the subsidy went the low paid.
It's almost as if they have been reading this 'blog... (plenty of others from left to right have said the same thing, of course, there's no copyright in facts).
Debate Magazine
