Will the Chancellor cut the annual allowance?

Chancellor George Osborne is widely tipped to take action on pensions tax relief

clock

Chancellor George Osborne is widely tipped to take action on pensions tax relief and cut the annual allowance to £30,000 or £40,000 in today's Autumn Statement.

Yet the industry will still be hoping the Chancellor will increase taxes on the wealthy elsewhere instead of targeting pensions. A move to cut the allowance has been strongly trailed in recent w...

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 Law and Regulation

FRC issues finalised actuarial guidance on historic scheme rule changes

FRC issues finalised actuarial guidance on historic scheme rule changes

Guidance issued after Pension Schemes Act passed into law

Martin Richmond
clock 22 May 2026 • 2 min read
Industry welcomes 'breadth and ambition' of Pensions Commission's interim report

Industry welcomes 'breadth and ambition' of Pensions Commission's interim report

Interim report sets out the ‘key challenges’ facing the current pensions system

Holly Roach
clock 19 May 2026 • 4 min read
PPI – How housing costs, pension participation and household finances interact

PPI – How housing costs, pension participation and household finances interact

Priya Khambhaita looks at issues cutting across retirement saving and real-world retirement outcomes

Dr Priya Khambhaita
clock 15 May 2026 • 4 min read
Trustpilot