Lib Dems seek £40k cap on tax-free pension lump sums; plan to scrap NI on contributions

James Phillips
clock • 2 min read

The Liberal Democrat party has passed a motion pledging to cap tax-free lump sums under Freedom of Choice at £40,000 if elected into government.

Delegates at the party's annual autumn conference yesterday (18 September) approved plans to reduce tax advantages for higher earners, using the new revenue streams to provide perks for younger wor...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Law and Regulation

PRA takes action on UK insurers' use of funded reinsurance

PRA takes action on UK insurers' use of funded reinsurance

Funded reinsurance deals will face enhanced regulatory requirements

Jonathan Stapleton
clock 29 April 2026 • 3 min read
Parliament agrees Pension Schemes Bill paving way for Royal Assent

Parliament agrees Pension Schemes Bill paving way for Royal Assent

House of Lords agrees heavily amended mandation powers accepting final draft of bill

Jonathan Stapleton
clock 29 April 2026 • 6 min read
Pensions UK: The real reform will start after Royal Assent

Pensions UK: The real reform will start after Royal Assent

Phil Brown says the Pension Schemes Bill is not the end of the story

Phil Brown
clock 28 April 2026 • 4 min read
Trustpilot