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An economic analysis of pension tax proposals

Angus Armstrong, Philip Davis and Monique Ebell

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: The Government has recently issued a consultation document which raises the possibility of a substantial change in the taxation of pensions. In this paper we assess the economic consequences of changing from the existing EET system (where pension savings and returns are exempt from income tax, but pension income is taxed) to a TEE system (pension savings would be from taxed income but with no further taxation thereafter), making use of two complementary approaches. First, we review the economic and empirical literature, and second we construct a general equilibrium overlapping generations (OLG) model parameterised to UK data and the UK tax system.

Keywords: Over-the-Counter Market; Trading Network; Matching; Intermediation (search for similar items in EconPapers)
JEL-codes: J1 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2015-09-30
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http://eprints.lse.ac.uk/86276/ Open access version. (application/pdf)

Related works:
Working Paper: An Economic Analysis of Pension Tax Proposals (2015) Downloads
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