Pensions: Taxation

Treasury written question – answered on 26th June 2020.

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Photo of Nick Smith Nick Smith Labour, Blaenau Gwent

To ask the Chancellor of the Exchequer, with reference to paragraph 2.182 of Budget 2020, what the timeframe is for the publication of the call for evidence on pension administration.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

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 a call for evidence will be published on pensions tax relief administration, in line with our manifesto commitment to comprehensively review this issue. In the light of COVID-19, the Government is considering the publication of this and other Government documents on a case by case basis, taking into account the impact of COVID-19 on stakeholders, and will provide more information on the timeframe for publication of this call for evidence in due course.

The Government has sought to support low earners through a range of measures, including increasing the personal allowance to £12,500 and committing to a new ambitious target for the National Living Wage.

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