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Response to HM Treasury’s Consultation Document Cm 9102 (Strengthening the incentive to save: a consultation on pensions tax relief)

Research output: ResearchOther report

Original languageEnglish
Publisher or commissioning bodyUniversity of Bristol
Number of pages5
StatePublished - 30 Sep 2015


History suggests that the present proposal to change the basis of pension taxation, moving from
an EET system with tax relief on pensions contributions and taxable pensions to a TEE system in
which contributions are taxed but pensions are tax-free, is likely over the long-term both to
reduce tax receipts and result in lower pensions in payment (thus in turn producing pressure for
higher state spending). The short- to medium-term tax revenue gained by the shift will, in short,
be vastly outweighed by the long-term costs.

    Research areas

  • Pensions, Taxation


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