Treasury confirms cuts to money purchase annual allowance will go ahead

clock • 2 min read

The government is pressing ahead with controversial plans to reduce the money purchase annual allowance (MPAA) from £10,000 to £4,000, according to Spring Budget documents.

The cut, which will come into force on 20 March, was first proposed by the chancellor in last year's Autumn statement, and was heavily criticised during the consultation that ended in mid-February....

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