any expenditure earning over £150 , 000 will no longer enjoy highest - price taxes reliefs , which is considered a powerful incentive to work for wealthy workers . from april 2011 , nobody who fetches £200 , 000 a term , for example , and pays the typical amount of 6 - cent of their salary into their company pension scheme will lose out on £200 a monthly or £2 , 400 a year . alan darling , when he revealed the move in the budget , announced that just 1 . 5 per cent of households - the sum of about 450 , 000 people - would be harmed , but experts claim that it might significantly damage the ongoing beleaguered pensions industry , and make many savers to think twice about investing in a pension .
Alistair Darling is chancellor of UK.