Autumn Budget 24: Heavily rumoured pension changes fail to go ahead

The chancellor chose not to target workplace pensions, despite raising taxes by £40bn

Holly Roach
clock • 3 min read
Kirsty O'Connor / Treasury
Image:

Kirsty O'Connor / Treasury

Many of the pension changes that were speculated to be featured in the Budget today (30 October) have not come to fruition.

Chancellor Rachel Reeves earlier today delivered the first Budget of this parliament and the first from a Labour government for more than 14 years. The UK's first female chancellor confirmed she...

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

SPP: Inclusive futures?

SPP: Inclusive futures?

Daniel Gerring looks at how the SPP is inspiring positive change across the industry and beyond

Daniel Gerring
clock 13 January 2026 • 4 min read
News Digest: 320,000 pensioners hit with four-figure 'retirement tax' bills

News Digest: 320,000 pensioners hit with four-figure 'retirement tax' bills

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

Professional Pensions
clock 13 January 2026 • 1 min read
Buzz: Is shifting to a four-point rating system for VfM a positive move?

Buzz: Is shifting to a four-point rating system for VfM a positive move?

VfM framework, rule changes around IHT on pensions and New Year’s resolutions

Professional Pensions
clock 12 January 2026 • 1 min read
Trustpilot