Employee tax relief receipts rise to £4.3bn; Freedom withdrawals pass £25bn

James Phillips
clock • 2 min read

Members of occupational pension schemes claimed £4.3bn in pensions tax relief in 2017/18, as total relief climbed £1.1bn.

Tax relief granted to employers and employees of occupational pension schemes hit £23.3bn in the 2017/18 tax year, rising from £22.5bn the year before. In figures released today (30 April), HM R...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

Partner Insight: From awareness to action – closing the retirement planning gap

Partner Insight: From awareness to action – closing the retirement planning gap

Many employees think about retirement. Far fewer take practical steps to prepare for it.

Royal London
clock 29 October 2026 • 5 min read
L&G takes on £2.45bn Royal Mail DC scheme in biggest master trust transfer to date

L&G takes on £2.45bn Royal Mail DC scheme in biggest master trust transfer to date

Completed transition sees 100,000 scheme members’ savings move into L&G Mastertrust

Alex Levy
clock 27 October 2026 • 2 min read
Partner Insight: One year in - Disciplined growth in asset based finance

Partner Insight: One year in - Disciplined growth in asset based finance

Alok Bedekar, Senior ABS Fund Manager @ Royal London Asset Management
clock 27 October 2026 • 3 min read
Trustpilot