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1661506
registered interest false more like this
date less than 2023-09-18more like thismore than 2023-09-18
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Pensions: Tax Allowances remove filter
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what the total amount of tax relief on all pensions was for the last five years. more like this
tabling member printed
Lord Field of Birkenhead remove filter
uin HL10229 more like this
answer
answer
is ministerial correction false more like this
date of answer remove maximum value filtermore like thismore than 2023-10-02
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 more like this
grouped question UIN HL10230 more like this
question first answered
less than 2023-10-02T15:00:48.7Zmore like thismore than 2023-10-02T15:00:48.7Z
answering member
4726
label Biography information for Baroness Penn more like this
tabling member
478
label Biography information for Lord Field of Birkenhead more like this
1661507
registered interest false more like this
date less than 2023-09-18more like thismore than 2023-09-18
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Pensions: Tax Allowances remove filter
house id 2 more like this
legislature
25277
pref label House of Lords more like this
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. more like this
tabling member printed
Lord Field of Birkenhead remove filter
uin HL10230 more like this
answer
answer
is ministerial correction false more like this
date of answer remove maximum value filtermore like thismore than 2023-10-02
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 more like this
grouped question UIN HL10229 more like this
question first answered
less than 2023-10-02T15:00:48.76Zmore like thismore than 2023-10-02T15:00:48.76Z
answering member
4726
label Biography information for Baroness Penn more like this
tabling member
478
label Biography information for Lord Field of Birkenhead more like this