How Are Private Pensions Taxed?

4th April 2023

Private pensions form a key part of retirement saving. Institute for Fiscal Studies explores how they are taxed in a short video (5 minutes).

00:00 - The role of private pensions
00:23 - Income tax
1:31 - Pensions tax break
2:58 - National Insurance
3:49 - Tax treatment at death
4:17 - Inheriting a pension