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Wider review of pension tax allowances needed "to fix and simplify for all"

Commenting on news of a consultation on the taxation of public sector pensions, Head of Taxation at the ABI, Mervyn Skeet, said any review should go much further:

“Steps to address pension problems which are affecting the smooth operation of the whole NHS are good news but there is no reason to stop there. All hard working people in all occupations should be incentivised to save into a pension, whatever their level of earnings. Poorly designed tax rules can have the opposite effect and result in double taxation for some pension savers. A wider review should look at how to fix and simplify pension tax allowances for all.”


Last updated 07/08/2019