Chancellor ignores net-pay pensions tax relief anomaly; Branded 'missed opportunity'

Kim Kaveh
clock • 2 min read

Philip Hammond has failed to address the net-pay anomaly affecting lower-paid earners who are missing out on tax-relief on their pension contributions in today's Autumn Budget.

It comes despite industry heavyweights urging the chancellor to take action on the net pay tax-relief anomaly earlier this month, which included the likes of former pensions minister Baroness Ros A...

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 Defined Contribution

Partner Insight: From gilts to grids - Five themes shaping the UK investment landscape

Partner Insight: From gilts to grids - Five themes shaping the UK investment landscape

Sophie Ballard, Nuveen
clock 05 October 2026 • 3 min read
Nest appoints Wellington Management to run £3.5bn active EM equity strategy

Nest appoints Wellington Management to run £3.5bn active EM equity strategy

Emerging markets brief aims to strengthen ESG, risk evaluation and stewardship

Jonathan Stapleton
clock 02 October 2026 • 1 min read
Industry and regulators have a chance to shape a new era for DC pensions, TPR says

Industry and regulators have a chance to shape a new era for DC pensions, TPR says

Chair Emma Douglas says the pension system is ‘unfinished business’

Martin Richmond
clock 02 October 2026 • 5 min read
Trustpilot