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

PASA updates strategy for next five years

PASA updates strategy for next five years

PASA said updated strategy will help shape the future of pensions administration

Holly Roach
clock 14 July 2026 • 2 min read
Buzz: Is the revised pensions roadmap a positive step forward for reform?

Buzz: Is the revised pensions roadmap a positive step forward for reform?

Pensions roadmap, government’s VfM consultation and proposed changes to the general levy

Professional Pensions
clock 14 July 2026 • 1 min read
Government consults on general levy rate hikes

Government consults on general levy rate hikes

Minister says there have been ‘persistent annual deficits’ and a growing levy debt

Holly Roach
clock 14 July 2026 • 2 min read
Trustpilot