Reforming the pensions landscape: Time to wake up

A 'sleepy area of tax' is starting to wake up says Doug Beardon

clock

When I was young and economics were sound, pension provision was relatively simple. Individuals contributed with full tax relief on what they paid in and employers often matched or exceeded those contributions as a tax free benefit to the recipient employee. Income and gains earned on the fund savings were also received tax free, at this stage at least.

The quid pro quo was when the pension was finally paid it was subject to income tax on the recipient. Simplistically, contributions were tax deductible when they went in but taxable when they came ...

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

More on Industry

News Digest: Capita's performance on CSPS 'remains unacceptable', minister says

News Digest: Capita's performance on CSPS 'remains unacceptable', minister says

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 14 September 2026 • 1 min read
Western Pension Solutions becomes part of Collective Pensions

Western Pension Solutions becomes part of Collective Pensions

Collective Pensions is a joint venture between Vestey Holdings and Timpson Group

Jonathan Stapleton
clock 11 September 2026 • 1 min read
Good News Corner: Icelandic edition of Rob Gardner's 'Save Your Acorns' launches

Good News Corner: Icelandic edition of Rob Gardner's 'Save Your Acorns' launches

Iceland continues to boost pensions literacy despite OECD-leading contribution rates

Jonathan Stapleton
clock 11 September 2026 • 2 min read
Trustpilot