Around 1.75 million workers missing out on £60m in pension tax relief

'This is a scandal'

Kim Kaveh
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Estimated 1.75 million people are missing out on £60m in tax relief
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Estimated 1.75 million people are missing out on £60m in tax relief

An estimated 1.75 million people are missing out on £60m in tax relief on their pension contributions in 2019/20 as the so-called net-pay anomaly continues, Royal London has estimated.

The figure was calculated after the insurer put forward a Freedom of Information request to HM Revenue and Customs. The tax office's response showed 1.33 million people earning below the personal allowance...

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