Pension saving hit as Darling targets high earners

Alistair Darling’s 2009 Budget attacks tax relief on higher earners’ pension contributions as he seeks both to plug the hole in the nation’s finances and garner public support with an election on the horizon. Our Monitor – Budget Special summarised how this measure will be introduced, what it will do in practice and how employers need to respond. Below we recap on the significance of this specific measure and set it in the context of the other Budget changes.