Pensions tax relief to climb to £41bn this year

James Phillips
clock • 2 min read

The estimated cost of pensions tax relief for employees to the government is expected to hit £24bn in this tax year, according to government data.

Another £16.9bn of national insurance relief on employer contributions will increase the total relief on pensions contributions to a record £41bn, HM Revenue & Customs (HMRC) predicted. The figu...

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James Phillips
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James Phillips

Professional Pensions journalist from 2016-2022

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