Pensions: Tax Allowances

(asked on 20th January 2021) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government how many individuals who are enrolled on an approved pension scheme do not receive tax relief on their contributions.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 3rd February 2021

HMRC estimates that 1.3m individuals earning below the personal allowance in 2017-18 made workplace pension contributions via Real Time Information (RTI) using relief at source arrangements. The personal allowance in 2017-18 was £11,500.

HMRC’s Survey of Personal Income (SPI) and administrative data was used to produce the estimates. The 2017-18 SPI data (published in March 2020) is the latest year available.

Reticulating Splines