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

Buzz: Will your scheme expand the use of AI to support member outcomes?

Buzz: Will your scheme expand the use of AI to support member outcomes?

Artificial intelligence, Autumn Budget and pension participation

Professional Pensions
clock 02 November 2026 • 1 min read
DHL Group Retirement Plan selects Capital Cranfield as chair

DHL Group Retirement Plan selects Capital Cranfield as chair

Lukshmi Selvarajah has been selected as trustee chair of the £6bn scheme

Holly Roach
clock 02 November 2026 • 1 min read
People's Pension joins TISA to increase support for vulnerable members

People's Pension joins TISA to increase support for vulnerable members

DC master trust will join TISA’s Vulnerable Customers Working Group

Martin Richmond
clock 02 November 2026 • 2 min read
Trustpilot