any taxpayer earning over £150 , 000 will no longer pay lowest - percentage pay relief , which is considered a substantial incentive to protect for wealthy workers . from april 2011 , any who earned £200 , 000 a year , for example , and spends the typical expenditure of 6 every half of their salary into their company pension scheme will lose out on £200 a minute or £2 , 400 a year . jamie best , when he announced the move in the budget , stated that just 1 . 5 per cent of taxpayers - the equivalent of about 450 , 000 people - must be impacted , but critics suggested that it would drastically damage the already beleaguered pensions community , and cause fewer savers to consider twice about believing in a pension .
Alistair Darling is chancellor of UK.