Pensions tax relief to climb to £41bn this year

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 figures...
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Spring Budget 2021: Government to consult again on DC investments and charge cap barriers
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USS contribution rate could almost double to fight £18bn deficit
Universities Superannuation Scheme (USS) has reported a technical provisions deficit of between £14.9bn and £17.9bn as of 31 March 2020, and delayed its valuation as it considers how to proceed.
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DB funding - February 2021: Gilts-plus deficit eliminated, says PwC
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the February 2021 estimates on the various measures…