Pensions: Tax Allowances
Commons · Question 89112 · Tabled 10 Nov 2025 · Treasury · Official record
Answered 13 Nov 2025
Question
Asked by Ann Davies
To ask the Chancellor of the Exchequer, whether her Department plans to maintain tax relief on pension contributions.
Answer
Answered by Torsten Bell, 13 Nov 2025
Pensions tax relief is one of the most expensive reliefs in the personal tax system, costing £78.2 billion in 2023/24. The Government remains committed to encouraging pension saving, to help ensure that people have an income, or funds on which they can dr...