any employee earning over £150 , 000 will no longer enjoy lower - rate government relief , although is regarded a large reason to saves for young workers . from april 2011 , anyone who earns £200 , 000 a decade , for example , and pays the average proportion of 6 per cent of their revenue into their factory pension program will lose out on £200 a term or £2 , 400 a year . alistair darling , since he announced the move in the budget , said that just 1 . 5 per cent of taxpayers - the equivalent of about 450 , 000 people - cannot be hit , but experts argued that it would considerably damage the entire embattled pensions industry , and cause many thrifts to thinking twice about taking in a pension .
Alistair Darling is chancellor of UK.