The reduction of the annual allowance in 2014 has caused a significant rise in the number of people breaching the limit.
After extra £3bn cost to Treasury
The government has announced a consultation into reducing the money purchase annual allowance (MPAA).
Tax relief reductions have lowered the allure of pensions relative to other savings products, potentially costing the government billions of pounds in lost tax revenue over the long term.
The delayed launch of a service to check the protection status of members following the lifetime allowance (LTA) cut will mean extra work for administrators.
The Chancellor's lifetime ISA (LISA) threatens to obstruct pension saving down the income scale according to Association of Consulting Actuaries chairman David Fairs.
Pension savers may miss out on thousands of pounds in tax relief due to confusion around the annual allowance taper rules implemented earlier this month.
Policy changes will result in an extra three million retirees on inadequate incomes by 2060 on top of the 12.2 million already forecast, according to research.
As the Chancellor presents his Budget today, PP looks at what could come up for pensions.
A flat-rate of tax relief is the most likely reform to appear in the Chancellor's March Budget according to Aon Hewitt‘s predictions.