Tax reform and retirement saving incentives: evidence from the introduction of stakeholder pensions in the UK

Richard Disney (), Carl Emmerson () and Matthew Wakefield
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Richard Disney: Institute for Fiscal Studies and University of Sussex
Carl Emmerson: Institute for Fiscal Studies and Institute for Fiscal Studies

No W07/19, IFS Working Papers from Institute for Fiscal Studies

Abstract:

Faced with ageing populations, OECD governments are seeking policies to increase individual retirement saving. In April 2001, the UK government introduced Stakeholder Pensions - a low cost retirement saving vehicle. The reform also changed the structure of tax-relieved contribution ceilings, increasing their generosity for lower earning individuals. We examine the impact of these changes on private pension coverage and on contributions to personal pension accounts using individual level micro data.

Date: 2007-11-27
New Economics Papers: this item is included in nep-age, nep-eec and nep-pub
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Citations: View citations in EconPapers (8)

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