Why the Chancellor would be wrong to rule out a further reduction in the annual allowance

Jonathan Stapleton
clock

This morning newspaper reports said George Osborne is expected to reject calls to cut the tax-free annual pension contributions limit from £40,000 to £30,000 in his Autumn Statement.

The article in The Daily Telegraph said the Chancellor had been considering lowering the maximum pension-holders can save while getting tax relief from the government from the current £40,000 a yea...

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 Industry

Buzz: Will using DB surpluses to fund DC commitments become mainstream?

Buzz: Will using DB surpluses to fund DC commitments become mainstream?

DB surpluses, US pushback against DEI and Waspi women compensation

Professional Pensions
clock 03 February 2025 • 1 min read
News Digest: UK pensions tax changes to bring in 'more than £40bn' before 2045

News Digest: UK pensions tax changes to bring in 'more than £40bn' before 2045

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 03 February 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Government’s DB surplus release plans, PPF levy announcements, Standard Life CEO retires

Professional Pensions
clock 31 January 2025 • 1 min read
Trustpilot