Spring Budget 2021: Lifetime allowance frozen until 2026

Hope William-Smith
clock • 3 min read

Chancellor Rishi Sunak has confirmed that the pensions lifetime allowance will be frozen at its current rate until 2026.

The announcement in today's (3 March) Spring Budget comes after The Times reported last week that the freeze could raise up to £250m a year, with the freeze now expected to have a £1bn impact. T...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Clara superfund deal, Rothesay purchases portfolio and surplus repayments order

Professional Pensions
clock 15 March 2024 • 1 min read
Good News Corner: PPF defeated by TPR in charity football showdown

Good News Corner: PPF defeated by TPR in charity football showdown

Regulator and lifeboat fund teams raise over £500 for Lives Not Knives youth charity

Martin Richmond
clock 15 March 2024 • 2 min read
TPR strike action called off

TPR strike action called off

TPR ‘committed to securing funding’ for a pay rise and engaging with PCS and DWP

Jasmine Urquhart
clock 13 March 2024 • 2 min read
Trustpilot