Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what recent estimate he has made of the additional tax revenue from savers choosing not to annuitise their retirement savings following the pensions flexibilities introduced on 6 April 2015 in (a) 2015, (b) 2016, (c) 2017, (d) 2018 and (e) 2019.

The expected impact over the forecast period of the changes made to private pensions taxation as announced at Budget 2014 can be found in Table 2.1 (p.56) of the Budget 2014 document here:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/293759/37630_Budget_2014_Web_Accessible.pdf

Following a consultation period the Chancellor made subsequent announcements relating to this measure. The Exchequer impact of these can be found in Table 2.1 (p.65) of the Autumn Statement 2014 document here:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/382327/44695_Accessible.pdf

Monthly assessments of additional tax revenue from savers choosing to access their pensions flexibly are not available.