Tax relief is no incentive and needs reform, finds survey

While the benefits are obvious to the industry, they make little headway with savers, Cushon says

James Phillips
clock • 2 min read

Confusing communication means pensions tax relief is not a major incentive for savers, despite the “extra money” from the government, Cushon research finds.

Less than a third (30%) of respondents to a survey from the pension provider said tax relief was one of the main reasons why their paid into a pension, with just over half (54%) not even aware of t...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

Comparing FCA 'Pathway 1' decumulation solutions

Comparing FCA 'Pathway 1' decumulation solutions

DWA’s Pete Osthwaite asks how long is five years for an almost retired person?

Pete Osthwaite
clock 08 December 2025 • 5 min read
People's Pension launches retirement income planning tool

People's Pension launches retirement income planning tool

Tool will provide members with the option to have their income adjusted for inflation

Martin Richmond
clock 05 December 2025 • 3 min read
Government must address 'critical' CDC challenges

Government must address 'critical' CDC challenges

Industry bodies say retirement CDC model has lots of ‘moving parts’ which may act as a hindrance

Martin Richmond
clock 04 December 2025 • 6 min read
Trustpilot