Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/282921 
Year of Publication: 
2023
Series/Report no.: 
IFS Report No. R240
Publisher: 
Institute for Fiscal Studies (IFS), London
Abstract: 
How should pensions be taxed? We propose income tax and National Insurance reforms that would more evenly support pension saving. Pensions are the biggest component of household wealth and are treated favourably by the tax system. That means getting pensions tax design right matters. It matters for people's well-being in retirement, especially if it can support the pension saving of those at risk of undersaving for their retirement. It also matters for taxpayers. Overly generous tax subsidies will be expensive, while insufficient generosity could lead to undersaving placing upwards pressure on state support for pensioners in the future.
Subjects: 
Savings, pensions and wealth
Taxes and benefits
Tax
Private pensions
Retirement
Ageing
Income taxes
National Insurance contributions
Savings
Persistent Identifier of the first edition: 
ISBN: 
978-1-80103-117-2
Document Type: 
Research Report

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.