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Pensions: Tax Allowances

Asked by Neil Duncan-JordanLabourTreasuryTabled Answered 31 October 2024UIN 11123

The question

To ask the Chancellor of the Exchequer, what the total value was of pension tax relief to people paying the (a) 20% and (b) 40% rate in the latest period for which data is available.

Answered by James Murray

Information on estimates of Income Tax relief on pension contributions can be found online in Table 6 of the Private Pension Statistics publication. Estimates of the total value of Income Tax and National Insurance contribution relief, broken down by the rate at which the contributions were relieved, can be found in Tables 6.1 and 6.2 of the publication respectively.

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