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....

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