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

Cost of income tax relief 2022/23

£24.7 billion

Cost of National Insurance relief 2022/23

£26.9 billion

Tax relief, basic rate taxpayer

20%

Tax relief, higher rate taxpayer

40%

Tax relief, additional rate taxpayer

45%

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