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1661506

	registered interest
	date	18/09/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what the total amount of tax relief on all pensions was for the last five years.
	tabling member printed	Lord Field of Birkenhead
	uin	HL10229
	answer	answer is ministerial correction date of answer 02/10/2023 answer text <p>Information on estimates of Income Tax relief on pension contributions and investment income of pension funds can be found online in Table 6 of the Private pension statistics publication. Estimates for the tax years 2018 to 2019 to 2020 to 2021 have been reproduced in Table 1 below.</p><p><strong> </strong></p><p><strong>Table 1: Total pension Income Tax relief for tax years 2018 to 2019 to 2020 to 2021.</strong></p><table><tbody><tr><td><p><strong>Tax year</strong></p></td><td><p><strong>Total pension Income Tax relief, £million</strong></p></td></tr><tr><td><p>2020 to 2021</p></td><td><p>44,100</p></td></tr><tr><td><p>2019 to 2020</p></td><td><p>41,700</p></td></tr><tr><td><p>2018 to 2019*</p></td><td><p>38,200</p></td></tr></tbody></table><p> </p><p>*Improvements in the estimation methodology for the tax years 2019 to 2020 onwards mean that estimates for the tax year 2018 to 2019 are not directly comparable to those in later years.</p><p> </p><p>Estimates for the 2021 to 2022 tax year will be published on 27<sup>th</sup> September 2023. Estimates for the 2022 to 2023 tax year will be published in Summer 2024.</p><p> </p><p>HMRC does not hold complete information on whether contributions have been made to personal or occupational pension schemes.</p><p> </p><p>Information on the National Employment Savings Trust is exempt from release by HMRC under the Commissioners for Revenue and Customs Act 2005 (CRCA).</p> answering member printed Baroness Penn grouped question UIN HL10230 question first answered 02/10/2023 15:00:48 answering member 4726 label Biography information for Baroness Penn
	tabling member	478 label Biography information for Lord Field of Birkenhead

1661507

	registered interest
	date	18/09/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government how much tax revenue is foregone each year in supporting (1) company, (2) private, and (3) National Employment Savings Trust pensions.
	tabling member printed	Lord Field of Birkenhead
	uin	HL10230
	answer	answer is ministerial correction date of answer 02/10/2023 answer text <p>Information on estimates of Income Tax relief on pension contributions and investment income of pension funds can be found online in Table 6 of the Private pension statistics publication. Estimates for the tax years 2018 to 2019 to 2020 to 2021 have been reproduced in Table 1 below.</p><p><strong> </strong></p><p><strong>Table 1: Total pension Income Tax relief for tax years 2018 to 2019 to 2020 to 2021.</strong></p><table><tbody><tr><td><p><strong>Tax year</strong></p></td><td><p><strong>Total pension Income Tax relief, £million</strong></p></td></tr><tr><td><p>2020 to 2021</p></td><td><p>44,100</p></td></tr><tr><td><p>2019 to 2020</p></td><td><p>41,700</p></td></tr><tr><td><p>2018 to 2019*</p></td><td><p>38,200</p></td></tr></tbody></table><p> </p><p>*Improvements in the estimation methodology for the tax years 2019 to 2020 onwards mean that estimates for the tax year 2018 to 2019 are not directly comparable to those in later years.</p><p> </p><p>Estimates for the 2021 to 2022 tax year will be published on 27<sup>th</sup> September 2023. Estimates for the 2022 to 2023 tax year will be published in Summer 2024.</p><p> </p><p>HMRC does not hold complete information on whether contributions have been made to personal or occupational pension schemes.</p><p> </p><p>Information on the National Employment Savings Trust is exempt from release by HMRC under the Commissioners for Revenue and Customs Act 2005 (CRCA).</p> answering member printed Baroness Penn grouped question UIN HL10229 question first answered 02/10/2023 15:00:48 answering member 4726 label Biography information for Baroness Penn
	tabling member	478 label Biography information for Lord Field of Birkenhead

1648319

	registered interest
	date	27/06/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government how much (1) gross tax relief, and (2) National Insurance relief, was given to (a) Defined Benefit or hybrid pension scheme employers, (b) Defined Benefit or hybrid pension scheme members, (c) Defined Contribution workplace scheme employers, (d) Defined Contribution pension scheme auto-enrolment members, and (e) other Defined Contribution pension scheme members, in each of the past three years.
	tabling member printed	Baroness Altmann
	uin	HL8804
	answer	answer is ministerial correction date of answer 07/07/2023 answer text <p>Estimates of the cost of Income Tax and National Insurance Contribution relief on total pension contributions made in 2020 to 2021 can be found in Tables 1 and 2 below. Figures are provided in millions and rounded to the nearest hundred million pounds. Hybrid defined contribution and defined benefit schemes are counted as defined benefit schemes for the purpose of this analysis.</p><p>HMRC do not publish estimates of total pension contributions.</p><table><tbody><tr><td colspan="3"><p><strong>Table 1: Income Tax relief on pension contributions in 2020 to 2021 by type of contribution, £million</strong></p></td></tr><tr><td><p><strong>Income Tax relief in 2020 to 2021 [provisional] on:</strong></p></td><td><p><strong>Defined benefit scheme</strong></p></td><td><p><strong>Defined contribution scheme</strong></p></td></tr><tr><td><p>Individual contributions to net pay arrangements</p></td><td><p>3,600</p></td><td><p>900</p></td></tr><tr><td><p>Individual contributions to relief at source schemes</p></td><td><p>0</p></td><td><p>4,900</p></td></tr><tr><td><p>Salary sacrificed contributions</p></td><td><p>1,100</p></td><td><p>3,600</p></td></tr><tr><td><p>Employer contributions to net pay arrangements</p></td><td><p>16,800*</p></td><td><p>4,100</p></td></tr><tr><td><p>Employer contributions to relief at source schemes</p></td><td><p>0</p></td><td><p>5,900*</p></td></tr></tbody></table><p> </p><table><tbody><tr><td colspan="3"><p><strong>Table 2: National Insurance Contribution (NIC) relief on pension contributions in 2020 to 2021 by type of contribution, £million</strong></p></td></tr><tr><td><p><strong>NIC relief in 2020 to 2021 [provisional] on:</strong></p></td><td><p><strong>Defined benefit scheme</strong></p></td><td><p><strong>Defined contribution scheme</strong></p></td></tr><tr><td><p>Class 1 Primary (employee) NIC relief on employer contributions to net pay arrangements</p></td><td><p>4,900*</p></td><td><p>1,000</p></td></tr><tr><td><p>Class 1 Primary (employee) NIC relief on employer contributions to relief at source schemes</p></td><td><p>0</p></td><td><p>1,500*</p></td></tr><tr><td><p>Class 1 Primary (employee) NIC relief on salary sacrificed contributions</p></td><td><p>300</p></td><td><p>800</p></td></tr><tr><td><p>Class 1 Secondary (employer) NIC relief on employer contributions to net pay arrangements</p></td><td><p>8,200*</p></td><td><p>1,800</p></td></tr><tr><td><p>Class 1 Secondary (employer) NIC relief on employer contributions to relief at source schemes</p></td><td><p>0</p></td><td><p>2,700*</p></td></tr><tr><td><p>Class 1 Secondary (employer) NIC relief on salary sacrificed contributions</p></td><td><p>500</p></td><td><p>1,500</p></td></tr></tbody></table><p> </p><p>*These figures contain forecasts rather than being entirely based on outturn data sources.</p><p> </p><p>Please note that the figures provided are estimates only.</p> answering member printed Baroness Penn grouped question UIN HL8803 question first answered 07/07/2023 10:06:56 answering member 4726 label Biography information for Baroness Penn
	tabling member	4533 label Biography information for Baroness Altmann

1308727

	registered interest
	date	13/04/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how many responses they received to the call for evidence on pensions tax relief administration published in July 2020; when they plan to publish the outcome; and what plans they have to carry out further consultation on the issue of low earners in net pay administration schemes who are paying 25 per cent more for their pensions than if their employer used a relief at source scheme.
	tabling member printed	Baroness Altmann
	uin	HL14860
	answer	answer is ministerial correction date of answer 27/04/2021 answer text <p>The Government recognises the different impacts of the two systems of paying pension tax relief on pension contributions for workers earning below the personal allowance. The Call for Evidence – in line with the Government’s manifesto commitment to undertake a comprehensive review of this issue – set out the Government’s views on proposals already put forward by stakeholders, invited further proposals, and sought views on the operation of the relief at source method of tax relief for pension contributions.</p><p> </p><p>The Call for Evidence is now closed. The Government is carefully analysing this issue and the responses received to understand what deliverable options for change may exist. These responses have raised technical points that we are continuing to explore with HMRC and others. The Government will respond to the Call for Evidence in due course.</p><p> </p> answering member printed Lord Agnew of Oulton question first answered 27/04/2021 10:43:31 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	4533 label Biography information for Baroness Altmann

1278996

	registered interest
	date	20/01/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	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.
	tabling member printed	Lord Sikka
	uin	HL12385
	answer	answer is ministerial correction date of answer 03/02/2021 answer text <p>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.</p><p> </p><p>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.</p> answering member printed Lord Agnew of Oulton question first answered 03/02/2021 15:33:55 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	4885 label Biography information for Lord Sikka

1138559

	registered interest
	date	11/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the implications of recent changes to the Lifetime Allowance for pension benefits for those in (1) the legal profession, (2) the medical profession, and (3) other professions; and of the case for reviewing those changes.
	tabling member printed	Baroness McIntosh of Pickering
	uin	HL17117
	answer	answer is ministerial correction date of answer 18/07/2019 answer text <p>Pensions tax relief is one of the most expensive reliefs in the personal tax system. In 2017/18 income tax and employer National Insurance Contributions relief cost over £50 billion, with around two-thirds going to higher and additional rate taxpayers. As confirmed at Autumn Budget 2017, from April 2018 the lifetime allowance will increase in line with CPI, in order that the value of this benefit is able to keep pace with inflation. This means from April 2019 the lifetime allowance has risen to £1,055,000.</p><p> </p><p>The same tax rules must apply identically to everyone in the same situation, regardless of their employer.</p><p> </p><p>However, across all public service workforces the Government looks at remuneration in the round and takes action when required to ensure delivery of world class public services. Where there is evidence that the delivery of services is being impacted, the Government takes appropriate action to address this, in line with our principles for pay and pensions policy. This is why we have introduced a temporary, taxable, Recruitment and Retention allowance for a small section of the judiciary, and will shortly bring forward a consultation on a new 50:50 pensions flexibility for senior clinicians in the NHS pension scheme.</p><p> </p><p>All aspects of the tax system are kept under review and are subject to change through the annual Budget, in the context of the wider public finances. Any future changes to the tax system will be announced through this process.</p><p> </p> answering member printed Lord Young of Cookham question first answered 18/07/2019 11:12:10 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	384 label Biography information for Baroness McIntosh of Pickering

1064175

	registered interest
	date	19/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how many (1) employers, and (2) individuals have received demands for repayment of double tax relief resulting from errors in administration of pension contributions.
	tabling member printed	Baroness Altmann
	uin	HL13822
	answer	answer is ministerial correction date of answer 05/03/2019 answer text <p>The information requested is not available.</p><p> </p><p>Errors made by employers and pension providers have resulted in some individuals receiving either no tax relief on their pension contributions, or receiving tax relief twice. The HMRC investigation into this issue with a number of pension providers is ongoing.</p> answering member printed Lord Bates question first answered 05/03/2019 14:53:25 answering member 1091 label Biography information for Lord Bates
	tabling member	4533 label Biography information for Baroness Altmann

1609899

	registered interest
	date	14/04/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions: Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate he has made of how many people in each nation and region of the UK will benefit from the (a) new annual allowance for pension contributions and (b) the removal of the limit on pension saving.
	tabling member constituency	Arfon
	tabling member printed	Hywel Williams
	uin	180032
	answer	answer is ministerial correction date of answer 19/04/2023 answer text <p>Information on the increase to the annual allowance and abolition of the lifetime allowance can be found in the Pension Tax Limits Policy paper <a href="https://www.gov.uk/government/publications/abolition-of-lifetime-allowance-and-increases-to-pension-tax-limits/pension-tax-limits" target="_blank">Pension Tax Limits - GOV.UK (www.gov.uk)</a></p><p> </p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 19/04/2023 15:01:25 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1397 label Biography information for Hywel Williams

1607732

	registered interest
	date	27/03/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions: Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate he has made of the number of people who will benefit from the removal of the pensions lifetime allowance in 2023-24.
	tabling member constituency	Hayes and Harlington
	tabling member printed	John McDonnell
	uin	174177
	answer	answer is ministerial correction date of answer 30/03/2023 answer text <p>Information on the abolition of the lifetime allowance can be found in the Pension Tax Limits Policy paper <a href="https://www.gov.uk/government/publications/abolition-of-lifetime-allowance-and-increases-to-pension-tax-limits/pension-tax-limits" target="_blank">Pension Tax Limits - GOV.UK (www.gov.uk)</a></p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 30/03/2023 09:49:19 answering member 4874 label Biography information for Andrew Griffith
	tabling member	178 label Biography information for John McDonnell

1606766

	registered interest
	date	23/03/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions: Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate he has made of the cost to the public purse of proposals to abolish the lifetime allowance cap per worker who is incentivised not to retire early.
	tabling member constituency	Warrington North
	tabling member printed	Charlotte Nichols
	uin	172519
	answer	answer is ministerial correction date of answer 29/03/2023 answer text <p>Information on the abolition of the lifetime allowance can be found in the Pension Tax Limits Policy paper <a href="https://www.gov.uk/government/publications/abolition-of-lifetime-allowance-and-increases-to-pension-tax-limits/pension-tax-limits" target="_blank">Pension Tax Limits - GOV.UK (www.gov.uk)</a></p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 29/03/2023 10:40:39 answering member 4874 label Biography information for Andrew Griffith
	tabling member	4799 label Biography information for Charlotte Nichols