Cost of pension tax relief stabilises

clock • 3 min read

The overall cost of pension tax relief rose slightly in 2016/17 to £38.6bn, from £38.5bn in 2015/16, according to annual HMRC estimates, representing a "stabilisation" compared with previous years.

The latest figures from HM Revenue & Customs (HMRC), however, saw income tax relief on self-employed pension contributions remain at £700m in 2016/17 - barely half the level of that in 2007/08 (£1....

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 Law and Regulation

Why pension schemes need to stop reporting climate and start funding it

Why pension schemes need to stop reporting climate and start funding it

Bobby Riddaway says there is no shortage of climate attention but there is a shortage of climate action

Bobby Riddaway
clock 09 July 2026 • 6 min read
Robin Ellison – Work, for the Night is Coming

Robin Ellison – Work, for the Night is Coming

PP’s regular columnist discusses weight-loss jabs, longevity and the future of old age pensions.

Robin Ellison
clock 08 July 2026 • 10 min read
PPI - Too much or not enough? The Pensions Commission's low earners dilemma

PPI - Too much or not enough? The Pensions Commission's low earners dilemma

John Upton says low earners are a group that is particularly vulnerable to undersaving.

John Upton
clock 03 July 2026 • 4 min read
Trustpilot