Budget 2011: Annual allowance of £50,000 a year confirmed in Budget docs - Update 1

Jenna Towler
clock

The planned £50,000 annual allowance for tax free pension contributions has been confirmed in Budget documentation.

It confirmed the move, first announced on 14 October, last year would come into force from April 6. The document also confirmed the lifetime allowance would be £1.5m. On 3 March, in response...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Brookfield Wealth Solutions to buy Just Group, Isio launches DB analysis service, £37m buy-in deal

Professional Pensions
clock 01 August 2025 • 1 min read
Good News Corner: Zedra colleagues work with charity to bring corner of local park back to life

Good News Corner: Zedra colleagues work with charity to bring corner of local park back to life

Organisation has had a number of local charity days in recent weeks

Professional Pensions
clock 01 August 2025 • 1 min read
DWP publishes latest workplace pension participation statistics

DWP publishes latest workplace pension participation statistics

Employee participation rose in 2024, but opt-outs are close to 10%

Holly Roach
clock 31 July 2025 • 4 min read
Trustpilot