Pensions: Tax Allowances

(asked on 10th November 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether her Department plans to maintain tax relief on pension contributions.


Answered by
Torsten Bell Portrait
Torsten Bell
Parliamentary Secretary (HM Treasury)
This question was answered on 13th November 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 draw, throughout retirement.

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