Piggy Bank

How are private pensions taxed?

Published on 3 April 2023

Private pensions form a key part of retirement saving. We explore how they are taxed.

Authors

Isaac Delestre
Isaac Delestre

Research Economist

Isaac is a Research Economist in the Taxation sector, focusing on the taxation of high-income individuals and closely-held corporate entities.

Explainer details

DOI
10.1920/ex.ifs.2023.0004
Publisher
Institute for Fiscal Studies

Suggested citation

Delestre, I. (2023). How are private pensions taxed? [Explainer] Institute for Fiscal Studies. Available at: https://ifs.org.uk/articles/how-are-private-pensions-taxed (accessed: 9 September 2024).

More from IFS

Understand this issue

Policy analysis

Houses of parliament

IFS Green Budget 2024

collection
All the analysis so far from our IFS Green Budget 2024, funded by the Nuffield Foundation and in partnership with Citi.

7 August 2024

Academic research

Working paper cover

Focal pricing and pass-through

working paper
I show that the adoption and extent of focal pricing practices in an industry in general do not lower average pass-through of input cost changes.

21 August 2024