Pension tax relief cost to government

The cost of tax relief to the government and how much workers receive.

Cost of pensions tax relief to the government 2022/23
£51.6 billion
Source
Cost of income tax relief 2022/23
£24.7 billion
Source
Cost of National Insurance relief 2022/23
£26.9 billion
Source
Tax relief, basic rate taxpayer
20%
Tax relief, higher rate taxpayer
40%
Tax relief, additional rate taxpayer
45%

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