Pension tax relief cost to government

The cost of tax relief to the government and how much workers receive.

Cost of pensions tax relief to the government 2022/23

£51.6 billion

Source

Cost of income tax relief 2022/23

£24.7 billion

Source

Cost of National Insurance relief 2022/23

£26.9 billion

Source

Tax relief, basic rate taxpayer

20%

Tax relief, higher rate taxpayer

40%

Tax relief, additional rate taxpayer

45%

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PensionBee is authorised and regulated by the Financial Conduct Authority.
With pensions, your capital is at risk.

General enquiries: 020 3457 8444

General enquiries: contact@pensionbee.com
‍
‍Press: press@pensionbee.com

‍Partners: partnership@pensionbee.com

PensionBee, 209 Blackfriars Road, London, SE1 8NL