Policy paper

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.

• From: HM Revenue & Customs
• Published: 20 July 2022

Documents

Pensions relief relating to net pay arrangements

HTML

Draft legislation

PDF, 79.6 KB, 2 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Draft legislation accessible version

HTML

Explanatory note

ODT, 14.2 KB

This file is in an OpenDocument format

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

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

Published 20 July 2022