<p>In response to the Treasury's consultation on the forthcoming restriction of income tax relief on pension contributions Carl Emmerson, IFS deputy director, said: "Implementing this reform will create complexity, unfairness and inefficiencies. The Government's goal is to raise money by reducing the subsidy that the wealthy enjoy on their pension contributions. But many people on high incomes will still be able to receive unrestricted income tax relief on their pension contributions - for example by making greater use of salary sacrifice arrangements. A better approach would be to reduce the amount that individuals can take tax-free from a private pension from its current level of £437,500."</p>
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Deputy Director
Carl, a Deputy Director, is an editor of the IFS Green Budget, is expert on the UK pension system and sits on the Social Security Advisory Committee.
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