HMRC 'looking at opportunities' to address net-pay tax anomaly

James Phillips
clock • 2 min read

The government is set to review an anomaly which sees lower-paid workers in the majority of master trusts lose out on tax relief, it has confirmed.

HM Revenue & Customs (HMRC) today (10 October) said it was exploring "opportunities" to address the difference of treatment when pensions tax relief rules are applied to savers in net-pay and relie...

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

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Law and Regulation

How does your scheme culture affect your risk profile?

How does your scheme culture affect your risk profile?

Naomi Brown takes a look at the human factor and asks how risk links with culture

Naomi Brown
clock 20 June 2025 • 3 min read
Pension freedoms have delivered flexibility in the last ten years, but 'at a cost'

Pension freedoms have delivered flexibility in the last ten years, but 'at a cost'

AKG paper says consumers value choice but are aware of risk of running out of funds

Jasmine Urquhart
clock 11 June 2025 • 2 min read
Pension scheme reform: The key announcements

Pension scheme reform: The key announcements

PP summarises yesterday’s key government pension announcements

Jonathan Stapleton
clock 06 June 2025 • 2 min read
Trustpilot