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

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Draft legislation

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Explanatory note

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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