treasury ‘considers pension taxe raide to pay for covid pandemic spending -- close chancellor rishi sunak tells gb news that he is a fiscal conservative taxe on pension contributions could increase this autumn under spending plans being considered by the treasury according to reports -- another plan involves reducing the level of pension taxe relief available to higherrate taxepayers from per cent to per cent the third proposal involves new taxe on employer pension contributions pension taxe reform could included in rishi sunake s next autumn statement due in november “wellplaced figures” told the telegraph -- in their manifesto the conservatives pledged not to raise the rates of income taxe national insurance or vat and promised to retain the triple lock on pensions -- treasury ‘considers pension taxe raide to pay for covid spending treasury ‘considers pension taxe raide to pay for covid spending