To ask the Chancellor of the Exchequer, what progress his Department has made on responding to its consultation on pensions tax relief administration; and what the timeframe is for publishing a response to that consultation.
14 January 2021
The Government recognises the different impacts of the two systems of paying pension tax relief on pension contributions for workers earning below the personal allowance. At Budget 2020, the Government announced it would launch a Call for Evidence on pensions tax relief administration, in line with its manifesto commitment to undertake a comprehensive review of this issue.
This Call for Evidence set out the Government’s views on proposals already put forward by stakeholders, invited further proposals, and sought views on the operation of the RAS method.
The Call for Evidence is now closed. The Government is analysing the responses and will respond in due course.