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Politics Unpacked

Are pension relief cuts another Treasury tax grab?

Politics Unpacked

Anna Covell

News & Politics, Politics, News

4.41.4K Ratings

🗓️ 26 January 2016

⏱️ 29 minutes

🧾️ Download transcript

Summary

Matt Chorley is joined by Assistant Editor Anne Ashworth and columnists Giles Coren and David Aaronovitch. Anne Ashworth:Pension tax reliefs for the higher-paid have already been reduced and more cuts are coming. The justification for this reform is fairness: the higher-paid have had it too good. But if you make company pension scheme membership less attractive to executives, this make it less likely that they will support these schemes - which will hurt the less well-off. This is just another Treasury tax grab, disguised as redistribution. Giles Coren:A survey commissioned by the Labour party has revealed that, "A disproportionate number of members who have joined since the 2015 general election are ‘high-status city dwellers’ pursuing well-paid jobs”. Most of them are from North London. So Corbyn and McDonnell rode to power on a crest of people exactly like me, except with the politics of Rik out of the Young Ones. One Labour MP has suggested that, "Members with properties valued at over a...

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Check the Uber app. I'm Mac Jolly and you're listening to the opinion podcast from The Times.

0:55.6

Joining me this week we've got colonist Jars Cohen, assistant editor Anne Ashworth

0:59.1

and colonist David Wronovich. Here are their topics.

1:02.0

Pension tax reliefs for the higher... David Ivanovich. Here are their topics.

1:08.0

Pension tax reliefs for the higher paid have already been reduced and more cuts are coming. The justification for all this reform is fairness.

1:12.0

The higher paid have apparently had it just too good.

1:16.9

But I would argue that if you make company pension scheme membership less attractive

1:22.4

to executives to the people who sit on the board and will hurt the less well off. This is just another Treasury tax grab disguised as

1:37.1

redistribution. A survey commissioned by the Labour Party has revealed that a

1:41.7

disproportionate number of members

1:43.4

who have joined since the 2015 general election are high status city dwellers

1:47.3

pursuing well-paid jobs. Most of them are from North London. Sir Corbett and

...

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