Pension tax relief: Once more unto the breach

clock •

More people than ever could face a 55% tax charge through breaching the lifetime allowance. Fiona Murphy asks about the issues and action to take

The Chancellor's Autumn statement contained new pain for pension savers. The lifetime allowance (LTA) was reduced from £1.5m to £1.25m while the annual allowance (AA) was slashed from £50,000 to £4...

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

IoEA recommendations, TPT superfund, PRT market

Professional Pensions
clock 23 October 2026 • 1 min read
News Digest: Regulator urges pension trustees to stress-test over AI concentration risk

News Digest: Regulator urges pension trustees to stress-test over AI concentration risk

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

Professional Pensions
clock 23 October 2026 • 1 min read
SPP sets out priorities for industry ahead of 2027

SPP sets out priorities for industry ahead of 2027

UK has opportunity to build on AE success and create system ‘fit for the next generation’

Holly Roach
clock 22 October 2026 • 2 min read
Trustpilot