Budget 2016

The lifetime ISA – announced by Chancellor George Osborne in today’s budget – will allow those between 18-40 to open an account and save up to £4,000 a year until age 50.

As the Chancellor presents his Budget today, PP looks at what could come up for pensions.

MAS was heavily criticised by MPs

A majority of respondents say the Chancellor's change of mind is only temporary.

Reducing tax relief for higher earners and raising it for lower earners could save the government money and make the system fairer according to the Resolution Foundation.

The industry will need to scrutinise Budget announcements on national insurance contributions (NIC) for employers closely, the Pensions Policy Institute (PPI) warns.

Several industry players have supported Which in demands for George Osborne to launch a pensions dashboard in next week's Budget.

As the chancellor announced plans to drop pension tax reform Helen Morrissey says the discussion is far from over.

The Chancellor has reportedly abandoned plans to reform pension tax relief in his forthcoming Budget after facing backlash from the industry and even the pensions minister.

Radically reforming the pensions tax relief system could disincentivise saving, according to a report by the International Longevity Centre - UK (ILC-UK) and Age UK.