Cut to annual allowance 'strong favourite'

clock

After weeks of pre-Budget rumours, a cut to the annual allowance has emerged as the "strong favourite" to be announced by the Chancellor.

The Liberal Democrats have been calling publicly for cuts to higher-rate tax relief to fund a hike in the income tax threshold to £10,000. There are three options on the table: a cut in the higher-...

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 Defined Benefit

TPT appoints independent advisers to DB superfund

TPT appoints independent advisers to DB superfund

Provider appoints four organisations to serve as advisers to DB superfund trustee board

Martin Richmond
clock 02 December 2025 • 2 min read
Partner Insight: Why many schemes aren't as data ready as they think

Partner Insight: Why many schemes aren't as data ready as they think

LexisNexis® Risk Solutions
clock 02 December 2025 • 1 min read
Partner Insight: Asset strategies that deliver - lessons from 2025 buy-in projects

Partner Insight: Asset strategies that deliver - lessons from 2025 buy-in projects

Chris Hodgson, Associate Partner, Aon
clock 01 December 2025 • 5 min read
Trustpilot