LITRG disappointed with Government inaction on pension tax anomaly

Released 20 July 2021

The Low Incomes Tax Reform Group (LITRG) says it is disappointed at a lack of progress towards rectifying an inequality which sees an estimated 1.5m or more low-income workers paying a 25% penalty for their pension savings.

According to the Group this issue can cost those affected (three-quarters of whom are women) around £65 a year due to the way their employers’ pensions schemes operate.

For further details, see the LITRG press release (20 July 2021) at https://www.tax.org.uk/litrg-press-release-disappointment-at-government-inaction-on-pension-tax-anomaly-affecting-1-5-million-low-income-workers.

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