HMRC 'doesn't understand' impact of pensions tax relief, say MPs

James Phillips
clock • 4 min read
HMRC is being urged to publish data showing who is benefiting from pensions tax relief
Image:

HMRC is being urged to publish data showing who is benefiting from pensions tax relief

HM Revenue & Customs (HMRC) must evaluate the benefits that are provided by pensions tax relief, MPs have said amid concerns the tax office does not understand the impacts.

In a report published today (20 July), the Public Accounts Committee (PAC) said the government could not conclude whether the £38bn estimated immediate cost of pensions tax relief in 2018/19 was ef...

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 Regulation

Industry Voice: What are scope 3 emissions and why are they important?

Industry Voice: What are scope 3 emissions and why are they important?

In this Explainer video, Thomas Höhne-Sparborth says investors need to look at all types of emissions to gain a true picture

Lombard Odier Investment Managers
clock 23 June 2022 • 1 min read
Stewart: “There is a big wave of positive change coming."

DWP stewardship guidance a hit though data fears remain

Comments from the industry on the latest requirements for trustees

Hope William-Smith
clock 20 June 2022 • 3 min read
Secretary of state for work and pensions Thérèse Coffey

DWP publishes stewardship guidance for trustees

New guidance ahead of the first TCFD reporting deadline on 1 October 

Hope William-Smith
clock 17 June 2022 • 2 min read
Trustpilot