The pensions industry breathed a collective sigh of relief as the government said it would not introduce a secondary annuities market until 2017.
PP looks at a decade of cuts, as the government looks at a complete overhaul
The government has delayed plans to let pensioners cash in annuities until 2017.
HM treasury will "actively monitor" the effect of salary sacrifice on tax receipts.
The Chancellor has introduced measures to stop fund managers using loopholes to avoid paying tax on profits in today's Summer Budget.
Ending upfront relief will have a knock on effect
Everything is up for discussion
A shift from an ‘EET' to a ‘TEE' tax system could save the government £10bn a year, experts estimate.
Cuts to tax relief high earners can claim on pension contributions will be used to fund an increase in the inheritance tax threshold, George Osborne has confirmed.
The main measures that could affect the pension system