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IFS Working Papers
November 2007 W07/19
Article
Tax reform and retirement saving incentives: evidence from the introduction of stakeholder pensions in the UK
Type: IFS Working Papers
ISSN: 1742-0415
Now published in: Economica [Details]

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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.

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