L&G chief executive calls for flat UK pension tax rate

October 6, 2015 8:29 AM

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LONDON Oct 6 British insurer Legal & General chief executive Nigel Wilson on Tuesday called for a flat UK pension tax rate of 20 percent, in response to a government consultation on pension taxation.

Wilson said in a statement that L&G would like to see 20 percent relief on tax at the point at which savers put money aside for a pension, with taxation at the 20 percent flat rate when they withdraw the pension.

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