Tax relief and partnership pensions

Phil Agulnik and Julian Grand

Fiscal Studies, 1998, vol. 19, issue 4, 403-428

Abstract: Government support of private (occupational and personal) pensions through tax relief is an important element in the UK’s retirement income system. However, the current tax relief system is regressive, lacks transparency and is difficult to control. This paper argues that it should be replaced by a cost-neutral matching-grant or tax-credit scheme. Such a scheme would embody the ‘partnership’ idea implicit in much government policy in this area, but would be much more progressive, more open and more accountable than existing arrangements. The argument is illustrated through a comparison of the cost and distributional impact of the current system with those of an alternative tax-credit scheme.

JEL-codes: H55 (search for similar items in EconPapers)
Date: 1998
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Citations: View citations in EconPapers (12)

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