Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what the evidential basis is for tax relief on pension contributions encouraging savings in pension schemes.

The Government launched a consultation on the future of pensions tax relief at the Summer Budget 2015. The Government has been consulting on whether there is a case for reforming pensions tax relief to strengthen incentives to save, and offer savers greater simplicity and transparency, or whether it would be best to keep with the current system. The Government will publish its response to the consultation at Budget 2016.