Tax treatment of pension products, including the pan-European personal pension product

This legislative own-initiative report concerns the tax treatment of pension products, including the pan-European personal pension product (PEPP). Amendments stress Member States' competence over direct taxation, question the effectiveness, costs and redistributive effects of tax incentives for private pension products, and discuss analysing existing incentives, granting PEPP the same or targeted tax relief or subsidies for low-income groups and those with insufficient access to other retirement systems, and enhanced cooperation.