Public policy and retirement saving incentives in the UK
AbstractWith ageing populations, OECD governments are searching for policies to increase retirement incomes. The UK government has introduced a series of policies, including the introduction of Personal Pensions from April 1988, of Stakeholder Pensions from April 2001, and the planned introduction of a National Pensions Saving Scheme (NPSS), designed to encourage individuals to save in retirement accounts rather than relying on state provision of social security in old age. These changes have been accompanied by changes in the tax treatment of private pensions. Arguably, the frequency and complexity of these reforms heightens the difficulties that households face in implementing consistent lifetime saving strategies. We examine some of these reform episodes in order to discover how households responded given the micro-incentives implied by this sequence of reforms – in particular those arising from the introduction of Personal and Stakeholder Pensions.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) in its series Discussion Papers with number 06/03.
Date of creation:
Date of revision:
Contact details of provider:
Postal: School of Economics University of Nottingham University Park Nottingham NG7 2RD
Phone: (44) 0115 951 5620
Fax: (0115) 951 4159
Web page: http://www.nottingham.ac.uk/cfcm/index.aspx
More information through EDIRC
Retirement saving pensions.;
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Richard Disney & Carl Emmerson & Matthew Wakefield, .
"Pension Provision and Retirement Saving: Lessons from the United Kingdom,"
07/01, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
- Richard Disney & Carl Emmerson & Matthew Wakefield, 2008. "Pension Provision and Retirement Saving: Lessons from the United Kingdom," Canadian Public Policy, University of Toronto Press, vol. 34(s1), pages 155-176, November.
- Richard Disney & Carl Emmerson & Matthew Wakefield, 2007. "Pension Provision and Retirement Saving: Lessons from the United Kingdom," Social and Economic Dimensions of an Aging Population Research Papers 176, McMaster University.
- Jarkko Harju, 2013.
"Voluntary Pension Savings and Tax Incentives: Evidence from Finland,"
FinanzArchiv: Public Finance Analysis,
Mohr Siebeck, Tübingen, vol. 69(1), pages 3-29, March.
- Jarkko Harju, 2012. "Voluntary pension savings and tax incentives: Evidence from Finland," Working Papers 33, Government Institute for Economic Research Finland (VATT).
- Juan Ayuso & Juan F. Jimeno & Ernesto Villanueva, 2007. "The effects of the introduction of tax incentives on retirement savings," Banco de Espaï¿½a Working Papers 0724, Banco de Espa�a.
- Rowena Crawford & Richard Disney & Carl Emmerson, 2012. "Do up-front tax incentives affect private pension saving in the United Kingdom?," IFS Working Papers W12/05, Institute for Fiscal Studies.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Hilary Hughes).
If references are entirely missing, you can add them using this form.