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Written question asked by Neil Gray (Scottish National Party) on Friday, 8 January 2021, in the House of Commons. It was due for an answer on Tuesday, 12 January 2021. It was answered by John Glen (Conservative) on Thursday, 14 January 2021 on behalf of the Treasury.

Workplace Pensions: Tax Allowances

Question

To ask the Chancellor of the Exchequer, what recent assessment he has made of the effect of the administration of pensions tax relief on low-income workers; and if he will make a statement.

Answer

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.

Secondary information

Type
Written question
Reference
134453
Session
2019-21
Grouped for answer
Yes
Subjects
Low incomes Workplace pensions Tax allowances
Link
View this Written question on www.parliament.uk