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Insider November 2016 - Pension reforms could cost £5 billion
The report examined the projected economic effects of a range of the ex-chancellor’s reforms, including the pension freedoms and savings products such as the Help to Buy ISA.
The effect these reforms could collectively have on the public finances are:
- the initial effect will be positive with a peak gain of £2.3 billion in 2018/19
- the effect turns negative in 2021/22
- the net cost continues to rise, eventually reaching £5 billion in 2034/35.
| Attachment | Size |
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| crozierjonespwp_insider_nov16_red.pdf | 159.37 KB |
