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An economic analysis of pension tax proposals

Armstrong, Angus, Davis, Philip and Ebell, Monique (2015) An economic analysis of pension tax proposals. Staff Working Paper Series (CFM-DP2015-33). Centre For Macroeconomics, London, UK.

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Abstract

The Government has recently issued a consultation document which raises the possibility of a substantial change in the taxation of pensions. In this paper we assess the economic consequences of changing from the existing EET system (where pension savings and returns are exempt from income tax, but pension income is taxed) to a TEE system (pension savings would be from taxed income but with no further taxation thereafter), making use of two complementary approaches. First, we review the economic and empirical literature, and second we construct a general equilibrium overlapping generations (OLG) model parameterised to UK data and the UK tax system.

Item Type: Monograph (Discussion Paper)
Official URL: http://www.centreformacroeconomics.ac.uk/Home.aspx
Additional Information: © 2015 The Authors
Divisions: Centre for Macroeconomics
Subjects: H Social Sciences > HB Economic Theory
Sets: Research centres and groups > Centre for Macroeconomics
Date Deposited: 14 Dec 2017 08:50
Last Modified: 05 Dec 2019 00:55
URI: http://eprints.lse.ac.uk/id/eprint/86276

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