The rules seem to change every year. Looks like they may change again.
We'd often advise 40% taxpayers to make pension contributions when times are good, but the incentives may be taken away.
Ministers are considering scrapping “regressive” pension tax breaks for higher earners, amid claims that executives at the UK’s biggest companies already plan to stop saving for their pensions. George Osborne, chancellor, has been whittling away at pension tax relief, prompting claims that executive pensions could soon become a thing of the past.