Image:
LCP says rise in pension tax relief should be welcomed
The cost of pension tax relief has risen to £27bn in 2022/23, according to government figures released today (12 January).
The figures from HM Revenue & Customs show the estimated cost of income tax relief on pension contributions in the 2022-23 tax year is likely to be around £5bn higher than five years ago, and will ...
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
