'Salami slicing' pensions tax relief could cost govt billions

Stephanie Baxter
clock • 3 min read

Tax relief reductions have lowered the allure of pensions relative to other savings products, potentially costing the government billions of pounds in lost tax revenue over the long term.

A research paper published by the Office for Budget Responsibility noted while the government has cracked down on tax relief in pensions, it has generally done the opposite with non-pensions saving...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

EY reports on ESG disclosures for fiduciary managers

EY reports on ESG disclosures for fiduciary managers

Most managers strong on governance but data and asset class challenges remain

Jasmine Urquhart
clock 23 July 2025 • 3 min read
Government launches third state pension age review

Government launches third state pension age review

Increase in state pension age from 66 to 67 is scheduled for between 2026 and 2028

Sahar Nazir
clock 22 July 2025 • 2 min read
Government moves forward with IHT/pension plans from April 2027

Government moves forward with IHT/pension plans from April 2027

Move expected to raise £1.5bn annually

Sahar Nazir
clock 22 July 2025 • 2 min read
Trustpilot