Master trusts failing low paid earners on pensions tax relief - research

Master trusts make up 35% of workplace savings market

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Low paid earners are missing out on 20% tax relief on their AE contributions
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Low paid earners are missing out on 20% tax relief on their AE contributions

Low income earners in the majority of master trusts are missing out on tax relief on their retirement savings due to a legislative technicality, according to research.

While master trusts have grown to represent over 35% of the workplace savings market and account for the savings of over seven million defined contribution (DC) scheme members in the UK, only three of...

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