Cut 'expensive and regressive' pension tax relief - think tank

Jenna Towler
clock

Tax relief on retirement savings should be cut and pensioners should have to pay National Insurance contributions, according to a think tank.

Reform said pension tax relief is an "expensive" and "poorly targeted" policy which could be reformed to help balance the country's budget. Its paper, Mind the (fiscal) gap, said the Pensions Po...

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 Industry

Pensions dashboards: Sixty million records, one missing number

Pensions dashboards: Sixty million records, one missing number

Archie Pritchett says there are still no agreed definitions for member-side outcomes

Archie Pritchett
clock 03 September 2026 • 3 min read
Endgame inertia will 'sap value' from schemes

Endgame inertia will 'sap value' from schemes

Hymans Robertson says endgame decisions can be ‘daunting’, but inaction brings problems

Holly Roach
clock 03 September 2026 • 3 min read
Paul Maynard – Divining Andy Burnham's position on pensions

Paul Maynard – Divining Andy Burnham's position on pensions

The former pensions minister looks at the forces shaping government policy on pensions

Paul Maynard
clock 02 September 2026 • 5 min read
Trustpilot