Why scheme design can protect low earners from lost tax relief

clock • 8 min read

The industry is seeking the equalisation of the tax treatment of net pay and relief-at-source arrangements, but will it succeed? Natasha Browne investigates.

At a glance Low earners potentially lose out under net pay arrangements  Now Pensions uses a net pay arrangement but is topping up the pots of affected members this year  DWP says the issu...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

SPP urges rethink of lifetime provider model, raising cost and complexity concerns

SPP urges rethink of lifetime provider model, raising cost and complexity concerns

Paper raises questions about impact on engagement, member value and competition

Jasmine Urquhart
clock 21 May 2024 • 3 min read
Industry mostly agrees DC sector needs a rethink

Industry mostly agrees DC sector needs a rethink

PP poll finds many think DC sector should reevaluate itself amid falling contributions

Jasmine Urquhart
clock 20 May 2024 • 2 min read
DC membership rockets but volatile markets impacting pot size, TPR finds

DC membership rockets but volatile markets impacting pot size, TPR finds

Scheme membership reached 28.8 million in 2023, up from 2.3 million in 2012

Holly Roach
clock 16 May 2024 • 4 min read
Trustpilot