How should pensions be taxed? We propose income tax and National Insurance reforms that would more evenly support pension saving. Pensions are the biggest component of household wealth and are treated favourably by the tax system. That means getting pensions tax design right matters. It matters...

The total wealth of Britain's households in 2018 to 2020 was approximately £2.2 trillion less than was previously believed - a 14% reduction. That, at least, is the implication of a recent change in methodology made by the Office for National Statistics (ONS) to the UK's leading official...

The IFS Green Budget 2018, in association with Citi, ICAEW and the Nuffield Foundation, is edited by Carl Emmerson, Christine Farquharson and Paul Johnson, and copy-edited by Judith Payne. The report looks at the issues and challenges facing Chancellor Philip Hammond as he prepares for his...

The IFS Green Budget 2019, in association with Citi and the Nuffield Foundation, is edited by Carl Emmerson, Christine Farquharson and Paul Johnson, and copy-edited by Judith Payne. The report looks at the issues and challenges facing Chancellor Sajid Javid as he prepares for his first Budget.

Whether the UK leaves the European Union, and if so on what terms, is a crucial issue and therefore rightly should be the subject of much debate in the run-up to the general election on 12 December. But Brexit is not the only economically important decision that the UK faces. So the general...

In April, the UK entered the second year of a six-year freeze in the cash value of income tax thresholds - a policy set to become the single biggest tax-raising measure since the 1970s. This is the latest in a long line of measures (by successive governments) that have hugely increased the scope...

UK business investment is the lowest in the G7 and among the lowest in the developed world. Tax has a role to play in shaping investment incentives, and the UK's corporate tax system is one of extremes. While the rate of corporation tax (19%) is exceptionally low, UK investment allowances are...