Lifetime and annual allowance changes become law as Finance Act 2011 reaches statute book

Jenna Towler
clock

Legislation curtailing the annual allowance and lifetime allowance for tax-efficient pension saving attained Royal Assent yesterday.

The Finance Act 2011 contains a radical shake-up of the system of allowances, which were originally introduced in April 2006 as part of pension simplification. While the Act received Royal Assen...

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 Legislation

Pension IHT changes needed as current plans described as 'unfair'

Pension IHT changes needed as current plans described as 'unfair'

LCP says new rules should be implemented ‘fairly and effectively’

Jasmine Urquhart
clock 03 November 2025 • 2 min read
Employer salary sacrifice should be 'dialled down'

Employer salary sacrifice should be 'dialled down'

Resolution Foundation says employer NI should be extended to cover more pensions

Jasmine Urquhart
clock 23 September 2025 • 1 min read
Half of adults unaware of upcoming pension changes

Half of adults unaware of upcoming pension changes

Schroders finds 85% don’t fully understand potential IHT rule changes

Jasmine Urquhart
clock 15 September 2025 • 2 min read
Trustpilot