Taxation: Occupational Pensions

Tony Baldry
To ask the Chancellor of the Exchequer what assessment he has made of the effect of the tax changes introduced in April 2006 in relation to occupational pension schemes, with particular reference to tax relief for employer contributions on the same basis as other business expenditure.

Jane Kennedy
The regulatory impact assessment (RIA) of April 2004 ‘Simplifying the Taxation of Pensions’ at:

www.hmrc.gov.uk/ria/simplifying-pensions.pdf

and the annex to that RIA of March 2005 at:

www.hmrc.gov.uk/ria/simplifying-pensions-appendix.pdf

set out the Government's assessment of the impact of the new rules including the plans to evaluate their effects on changes on private pension saving.