Treasury publishes call for evidence on administration of pensions tax relief - Article Kelso : Rennie Welch

Treasury publishes call for evidence on administration of pensions tax relief

31 Jul 2020

The Treasury has published a call for evidence on the administration of pensions tax relief.

The call for evidence seeks to gather evidence on the operation of both of the main methods of administering pensions tax relief. According to the Treasury, the government recognises that the two systems produce different outcomes in certain circumstances for different groups of taxpayers, as some may receive tax relief at a different rate to their highest marginal rate.

The Treasury stated that it is important to note that many of these taxpayers will be lower earners who may not otherwise regularly have to engage with the tax system. The government is seeking to gather views on the appropriate balance between consistency of outcomes for individuals with similar circumstances and simplicity for individuals, employers and pension schemes.

Commenting on the call for evidence, John Glen, Economic Secretary to the Treasury, said: 'I am mindful that pensions administration can only be effectively delivered through successful partnership between government, the pensions industry, employers and professional administrators of payroll and other systems.

'The government therefore wants to listen to all those who work with these systems on a regular basis to understand the options available to improve the administration of pensions tax relief.'

Details on the call for evidence can be found here.

Thank you for reading this article. To receive more similar information, guidance on other areas of interest, or to arrange a follow up, please record your details here.

Quick Links
Home | Accessibility | Disclaimer | Help | Site map |

© 2020 Rennie Welch. All rights reserved.

Kelso Office
Academy House,
Shedden Park Road,
Kelso,
Roxburghshire,
TD5 7AL

Berwick Office
Halidon House,
17D Windmill Way West,
Ramparts Business Park,
Berwick-upon-Tweed
TD15 1TB

Melrose Office
West End House,
High Street,
Melrose,
TD6 9RU


We use cookies on this website, you can find more information about cookies here.