Think tank urges government to cap tax-free lump sums at £40,000

Holly Roach
clock • 3 min read

Capping the pension tax-free lump sum at £40,000 would raise £2bn a year for the government, new research by the Resolution Foundation suggests.

The think tank said tightening up inheritance tax and removing expensive wealth subsidies would also save the government money, and suggested a small change would reduce the maximum generosity of t...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Robin Ellison – Regulators in the firing line

Robin Ellison – Regulators in the firing line

PP’s regular columnist says the political forces are changing when it comes to regulation

Robin Ellison
clock 24 March 2025 • 11 min read
TPR pledges to cut master trust capital requirements and create innovation 'hub'

TPR pledges to cut master trust capital requirements and create innovation 'hub'

Regulator also looking to reduce regulatory burden and ask for asset allocation info

Jonathan Stapleton
clock 17 March 2025 • 2 min read
Legal interpretation argues trustees can take broader view of fiduciary duty

Legal interpretation argues trustees can take broader view of fiduciary duty

Eversheds Sutherlands and NatWest Cushon say it is ‘reasonable’ for trustees to take cost of living factors into account

Jonathan Stapleton
clock 06 March 2025 • 3 min read
Trustpilot