Low earners anomaly: pensions relief relating to net pay arrangements
This measure places a duty on HMRC to make top-up payments to individuals who save into an occupational pension under net pay arrangements, if their total taxable income is below the personal allowance.
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Linked documents
- Policy Paper Pensions relief relating to net pay arrangements
- Bill Amendment Draft legislation accessible version
▤ Verbatim text from source document
If you save into a occupational pension scheme under net pay arrangements, you should understand:
- how you will become eligible to a top up payment
- the arrangements which the government are putting in place for HMRC to pay this in respect of the tax year 2024 to 2025, from 2025 to 2026