SPP: The options for pension tax relief reform

Steve Hitchner says Budget reforms will produce few immediate savings and could introduce risks

clock • 3 min read
Steve Hitchner: The goal of pensions tax policy should be to support sustainable long-term retirement saving
Image:

Steve Hitchner: The goal of pensions tax policy should be to support sustainable long-term retirement saving

The Autumn Budget will take place on Wednesday 30 October and, in the context of challenging fiscal conditions, there is (once again) speculation that the chancellor will target pensions tax relief for savings.

But what are the options available, and how likely are they to feature in the Budget? Fundamental reform of income tax relief There have been various suggestions over the years for the introd...

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 Law and Regulation

Four 'lucrative areas' for Budget pension reform

Four 'lucrative areas' for Budget pension reform

Treasury could move on tax-free lump sum, tax relief, salary sacrifice or annual allowance in hunt for Budget savings

Jonathan Stapleton
clock 20 August 2025 • 8 min read
PPI – The urgent need for action on adequacy

PPI – The urgent need for action on adequacy

Priya Khambhaita says current minimum contribution rates mean many retirees will not have the DC assets they need.

Dr Priya Khambhaita
clock 19 August 2025 • 3 min read
Thousands of pension scam victims receive more than £80m in compensation

Thousands of pension scam victims receive more than £80m in compensation

Compensation awarded to more than 2,000 members of 58 schemes targeted by fraudsters

Martin Richmond
clock 19 August 2025 • 3 min read
Trustpilot