Treasury written question – answered at on 13 November 2025.
Ann Davies
Plaid Cymru, Caerfyrddin
To ask the Chancellor of the exchequer, whether her Department plans to maintain tax relief on pension contributions.
Torsten Bell
The Parliamentary Secretary, HM Treasury, The Parliamentary Under-Secretary of State for Work and Pensions
Pensions tax relief is one of the most expensive reliefs in the personal tax system, costing £78.2 billion in 2023/24.
The Government remains committed to encouraging pension saving, to help ensure that people have an income, or funds on which they can draw, throughout retirement.
Yes0 people think so
No1 person thinks not
Would you like to ask a question like this yourself? Use our Freedom of Information site.
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
