£1 in every £5 in council tax goes to LGPS, Taxpayers' Alliance claims

clock

The equivalent of £1 in every £5 raised in council tax in the UK goes towards funding the Local Government Pension Scheme, research from a tax lobby group claims.

The calculations by the Taxpayers' Alliance reveals £5bn of the £253bn raised annually by councils in local tax revenues is spent on employer contributions. Birmingham City Council makes the mos...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

PPF-run consolidator 'much needed', lifeboat fund says

PPF-run consolidator 'much needed', lifeboat fund says

PPF responds to government’s consultation proposals

Holly Roach
clock 19 April 2024 • 2 min read
Industry split on need for lifetime savings commission

Industry split on need for lifetime savings commission

PP survey finds no clear agreement on whether a commission is required

Martin Richmond
clock 18 April 2024 • 3 min read
PPF could play 'crucial' role as public consolidator but some 'not convinced on merits'

PPF could play 'crucial' role as public consolidator but some 'not convinced on merits'

Government’s DB options consultation sparks concern among sector

Holly Roach
clock 18 April 2024 • 7 min read
Trustpilot