Single rate pensions tax relief could boost Treasury by £2bn

clock

A flat rate of 33% pensions tax relief could save the Treasury between £1.7bn and £2.2bn a year, according to the Pensions Policy Institute (PPI).

This included savings made on national insurance contributions (NIC) through the end of salary sacrifice, without which there would actually be a loss to the Exchequer. Pensions minister Steve W...

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

SPP issues AI governance framework for pension schemes

SPP issues AI governance framework for pension schemes

Trustees should update existing policies to reflect ‘everyday reality’ of operations

clock 29 July 2026 • 3 min read
PPF launches consultation on updated valuation assumptions

PPF launches consultation on updated valuation assumptions

Consultation comes amid developments in the bulk annuity market

Holly Roach
clock 28 July 2026 • 2 min read
Industry dissatisfied with current salary sacrifice reforms

Industry dissatisfied with current salary sacrifice reforms

SPP poll finds majority of pension professionals surveyed want to scrap changes

clock 28 July 2026 • 2 min read
Trustpilot