Govt urged to take action on net pay anomaly as experts sign letter to chancellor

Kim Kaveh
clock • 3 min read

Industry heavyweights have urged chancellor Philip Hammond to take action on the net pay pensions tax relief anomaly which affects lower-paid earners.

In a letter to Hammond, 10 signatories have expressed concern that lower-paid earners in net pay schemes - which the majority of the biggest master trusts use - are missing out on pensions tax reli...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

UK pension reform – the case for further consolidation

UK pension reform – the case for further consolidation

Argi Sampedro argues scheme scale will help managers implement better portfolios

Argi Sampedro
clock 17 January 2025 • 10 min read
The full list of pensions ministers since 1998

The full list of pensions ministers since 1998

The full list of the ministers who have been responsible for pensions

PP Staff
clock 14 January 2025 • 1 min read
Government confirms it will maintain pension fund clearing exemption

Government confirms it will maintain pension fund clearing exemption

Announcement follows industry representation on the issue

Professional Pensions
clock 10 January 2025 • 2 min read
Trustpilot