Pension tax relief costs soar to £41bn as auto-enrolment gathers pace
Latest HMRC figures reveal scale of relief
Tom Selby: "it is vital any future reforms to the system are carried out in a measured way."
The cost of pension tax relief for 2017/18 will reach about £24bn, according to government figures, and is set to increase as auto-enrolment contributions rise.
Latest figures from HM Revenue & Customs (HMRC), also showed an additional £16.9bn in National Insurance relief on employer contributions brought the total to £41bn. Provider AJ Bell said the total...
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