Spring Budget 2021: Lifetime allowance frozen until 2026

Hope William-Smith
clock • 3 min read
Chancellor Rishi Sunak

Chancellor Rishi Sunak

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...

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