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<p><p>Faced with ageing populations, OECD governments are seeking policies to increase individual retirement saving. In April 2001, the UK government introduced Stakeholder Pensions - a low cost retirement saving vehicle. The reform also changed the structure of tax-relieved contribution ceilings, increasing their generosity for lower earning individuals. We examine the impact of these changes on private pension coverage and on contributions to personal pension accounts using individual level micro data. </p></p>
Authors
Deputy Director
Carl, a Deputy Director, is an editor of the IFS Green Budget, is expert on the UK pension system and sits on the Social Security Advisory Committee.
Research Associate University of Bologna
Matthew is Associate Professor at the University of Bologna focusing on consumption and savings choices and how policy affects them.
Research Associate University of Sussex
Richard is an IFS Research Associate, a Part-time Professor of Economics at the University of Sussex and a Visiting Professor of Economics at UCL.
Working Paper details
- DOI
- 10.1920/wp.ifs.2007.0719
- Publisher
- IFS
Suggested citation
R, Disney and C, Emmerson and M, Wakefield. (2007). Tax reform and retirement saving incentives: evidence from the introduction of stakeholder pensions in the UK. London: IFS. Available at: https://ifs.org.uk/publications/tax-reform-and-retirement-saving-incentives-evidence-introduction-stakeholder-pensions (accessed: 3 July 2024).
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