any contributor earning over £150 , 000 will no longer enjoy high - grade poverty relief , which is considered a sizable incentive to save for wealthy workers . from june 2011 , anyone who earns £200 , 000 a monthly , for all , and charges the typically amount of 6 per half of their salary into their company pension scheme will lose out on £200 a period or £2 , 400 a year . alistair darling , when he announced the move in the budget , insisted that just 1 . 5 per cent of taxpayers - the equivalent of about 450 , 000 people - would be hit , but instead argued that it would significantly damage the already crippled pensions industry , and prompt many savers to consider twice about believing in a retirement .
Alistair Darling is chancellor of UK.