any tax earning over £150 , 000 will no longer receive lowest - rate tax credits , which is considered a sizable incentive to save for wealth workers . from spring 2011 , someone who salary £200 , 000 a year , for starters , and raises the typical amount of 6 and cent of their salary into their company pension funds will loss out on £200 a month or £2 , 400 a year . alistair darling , when he unveiled the move in the budget , insisted that just 1 . 5 a cent of taxpayers - the equivalent of about 450 , 000 people - would be impacted , but experts argued that it would significantly damaging the already troubled pensions system , and lead many annuities to think twice about investing in a pension .
Alistair Darling is chancellor of UK.