LifeGoals: Why VAT should be excluded from the PEPP fee cap

The Basic PEPP fee cap is intended to protect consumers and support value for money. VAT can, however, be applied differently across member states and provider models.

LifeGoals argues that including VAT within the cap creates an uneven playing field and reduces the resources available to serve customers in affected markets.

The paper proposes excluding VAT from the calculation so that the cap works consistently across Europe while remaining transparent to savers.