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

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 Industry

TPR says role of actuaries becoming 'increasingly central' as system evolves

TPR says role of actuaries becoming 'increasingly central' as system evolves

Growing focus on the outcomes rather than participation or accumulation

Jonathan Stapleton
clock 23 April 2026 • 2 min read
PASA publishes default retirement guidance

PASA publishes default retirement guidance

PASA says sector faces operational challenges as default retirement solutions are introduced

Holly Roach
clock 23 April 2026 • 2 min read
Women in Pensions 2026: Nominees revealed and entries open!

Women in Pensions 2026: Nominees revealed and entries open!

People have been nominated in their hundreds for this year’s awards

Professional Pensions
clock 23 April 2026 • 21 min read
Trustpilot