Pension freedoms could rake in £19.2bn of tax over next decade

Victoria Tichá
clock • 2 min read

Pension freedoms could generate as much as £1.9bn a year in tax revenue for the next 10 years, according to research by the Pensions Policy Institute (PPI).

In a briefing note published yesterday (15 October), the PPI said that, based on the way members have accessed their pension savings since the pension freedoms were introduced in April 2015, HM Rev...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Industry mostly agrees DC sector needs a rethink

Industry mostly agrees DC sector needs a rethink

PP poll finds many think DC sector should reevaluate itself amid falling contributions

Jasmine Urquhart
clock 20 May 2024 • 2 min read
DC membership rockets but volatile markets impacting pot size, TPR finds

DC membership rockets but volatile markets impacting pot size, TPR finds

Scheme membership reached 28.8 million in 2023, up from 2.3 million in 2012

Holly Roach
clock 16 May 2024 • 4 min read
Limited DC members regularly engaging with their pensions

Limited DC members regularly engaging with their pensions

LCP says industry must ‘crack the code’ to unlock the full potential of the DC sector

Martin Richmond
clock 15 May 2024 • 2 min read
Trustpilot