Overall, we continue to believe that our proposal of a savers’ bonus to reform the current system of tax relief with a single rate would improve retirement savings for the majority and help lower income, and indeed younger earners, to have a better share of the government’s tax ‘top ups’.
The Lifetime Isa must not be used to try to deliver a Pension Isa through the back door.
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Yvonne Braun is director of long-term savings policy at the ABI
Ms Braun will discussing these developments along with other key issues at the ABI’s Transforming Long Term Savings Conference on 19 April. Click here for more details about the conference.
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