any taxpayer earning over £150 , 000 will no longer enjoy higher - wage money relief , which is considered a considerable incentive to save for wealthy companies . from october 2011 , any who earns £200 , 000 a year , for example , and pays the typical income of 6 part million of their salary into their company pension program will lose out on £200 a quarter or £2 , 400 a year . donald darling , as he announced the drop in the budget , insisted that just 1 . 5 per cent of taxpayers - the equal of about 450 , 000 euros - still be hit , but experts argued that it did considerably damage the already beleaguered finance industry , and cause many savers to think twice about investing in a job .
Alistair Darling is chancellor of UK.