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

James Phillips
clock • 4 min read

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Industry

Industry split on need for lifetime savings commission

Industry split on need for lifetime savings commission

PP survey finds no clear agreement on whether a commission is required

Martin Richmond
clock 18 April 2024 • 3 min read
PPF could play 'crucial' role as public consolidator but some 'not convinced on merits'

PPF could play 'crucial' role as public consolidator but some 'not convinced on merits'

Government’s DB options consultation sparks concern among sector

Holly Roach
clock 18 April 2024 • 7 min read
Rising Star Awards 2024: Nominations open!

Rising Star Awards 2024: Nominations open!

Recognising and celebrating the pension industry’s rising stars

Professional Pensions
clock 18 April 2024 • 2 min read
Trustpilot