A blueprint for a better tax treatment of pensions

Bericht

How should pensions be taxed? We propose income tax and National Insurance reforms that would more evenly support pension saving. Pensions are the biggest component of household wealth and are treated favourably by the tax system. That means getting pensions tax design right matters. It matters for people's well-being in retirement, especially if it can support the pension saving of those at risk of undersaving for their retirement. It also matters for taxpayers. Overly generous tax subsidies will be expensive, while insufficient generosity could lead to undersaving placing upwards pressure on state support for pensioners in the future.

Object Details

• ISBN: 978-1-80103-117-2
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IFS Report ; No. R240

Classification and Topics

• Classification: Wirtschaft
• Subject: Savings, pensions and wealth ; Taxes and benefits ; Tax ; Private pensions ; Retirement ; Ageing ; Income taxes ; National Insurance contributions ; Savings

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Adam, Stuart ; Delestre, Isaac ; Emmerson, Carl ; Sturrock, David
• Event: Veröffentlichung
• (who): Institute for Fiscal Studies (IFS)
• (where): London
• (when): 2023

Further information

• DOI: doi:10.1920/re.ifs.2022.0240
• Handle: http://hdl.handle.net/10419/282921
• Last update: 10.03.2025, 11:43 AM CET