Hammond poised to implement 'nightmare' policy in budget, AJ Bell warns

To promote intergenerational fairness

clock • 2 min read

The government is allegedly planning to fund tax cuts for younger people by cutting the money spent on tax relief for older workers - a policy AJ Bell warned was a "nightmare to implement".

According to The Telegraph, Hammond (pictured) is understood to be examining ways to link tax to age to promote intergenerational fairness in next month's Budget. The Telegraph claimed tax break...

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 Law and Regulation

Schemes poised to act as Virgin Media remedy becomes law

Schemes poised to act as Virgin Media remedy becomes law

Sackers finds one third of schemes say they are ‘highly likely’ to make use of the remedy

Jonathan Stapleton
clock 12 May 2026 • 3 min read
HMRC releases 'crucial' technical note on IHT on pensions

HMRC releases 'crucial' technical note on IHT on pensions

Law firm warns of complexity and risk for families and executors

Jenna Brown
clock 11 May 2026 • 4 min read
TPR launches consultation on revised corporate strategy

TPR launches consultation on revised corporate strategy

Corporate strategy will be driven by a set of six member and market outcomes

Jonathan Stapleton
clock 11 May 2026 • 2 min read
Trustpilot