Labour urged to consider 9bn tax on staff pensions to curb government spending

Steve Webb, former pensions minister, warns that taxing pension contributions could discourage employer generosity, stating, "The more we tax them for doing that, the less they will do."

The Resolution Foundation argues that the current tax relief on pension contributions is "unnecessary" and suggests requiring companies to pay National Insurance on these contributions, which could generate £9bn for public spending.

Read at Business Matters