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The Association of British Insurers (ABI) called for a major shake-up in pensions tax relief

The Association of British Insurers (ABI) called for a major shake-up in pensions tax relief after it was found that lower earners and young workers were missing out on vital tax relief even though more were saving for a pension. The ABI also found that men received the majority of pension savers’ tax benefits, with men being granted 71% of all pensions tax relief. The ABI has urged the Government to simplify the system and distribute tax relief more evenly.

Regards

Lisa Ray
General Secretary