Financial Times FT.com

UK Budget 2009

Pension providers warn of unintended consequences

By Matthew Vincent

Published: April 22 2009 21:04 | Last updated: April 22 2009 21:04

High earners who ignored pre-Budget warnings about a reduction in pension tax relief have missed the chance to make large top-ups to their retirement funds.

The new rules announced by the chancellor include measures to prevent additional contributions being made between now and April 6 2011, when tax relief will be cut for those earning £150,000 or more.

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