Written Question·Treasury·UIN 30014
Pensions: Tax Allowances
Tabled: 7 February 2025
Answered: 17 February 2025
Question
James McMurdock
Independent — South Basildon and East Thurrock
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of increasing the tax relief ceiling on private pensions.
Answer
Emma ReynoldsThe Government wishes to encourage pension saving, to help ensure that people have an income, or funds on which they can draw, throughout retirement. This is why, for the majority of savers, pension contributions are tax-free. The annual allowance is cur...
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