Cost Of Tax Breaks On Pensions Contributions Nears £60B

By Martin Croucher · January 23, 2026, 2:24 PM GMT

The cost to the state of providing tax breaks on pensions savings is set to rise to close to £60 billion ($81.2 billion) next year, according to official figures....

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Recent Articles By Martin

November 13, 2025
Insurance Lobby Pushes Back On Rumored Budget Changes
July 30, 2025
UK Gov't Forced To Repay £48.7M In Pension Overtaxation
July 28, 2025
Britons Fear Impact Of Inheritance Tax Change On Pensions
July 22, 2025
Gov't Sets Out Plan To Include Pensions In Inheritance Tax
July 15, 2025
Insurers Keen On UK Captive Regime But Fear 'Gold-Plating'
May 29, 2025
US Tariffs Spark Profit Warnings For UK Pension Sponsors
May 28, 2025
UK Eyes Cutting Pension Tax Breaks To Boost Revenue
March 27, 2025
Gov't Urged To Review State Pension Ahead Of Tax 'Cliff Edge'
October 30, 2024
Pension Pros Say Shutting Inheritance Tax Loophole Overdue
October 08, 2024
Gov't Urged To Commit To Pension Tax 'Lock' In Budget