Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate he has made of how much would be saved on an annual basis if tax relief on personal pension contributions was capped at the basic rate, based on the total amount of personal pension contributions in 2016-17.

An estimate of the cost of limiting all personal pension contribution tax relief at the basic rate is not available.

Information on the cost of pension tax relief is published in the HM Revenue and Custom (HMRC) National Statistics table ‘Registered pension schemes: cost of tax relief’, available on GOV.UK, including estimates for 2016-17.

The full publication ‘Personal pensions: contribution and tax relief’ statistics, which includes all of the above tables can be found at: https://www.gov.uk/government/collections/personal-pensions-statistics