MPAA risks rise amid calls to increase £4,000 allowance

AJ Bell calls for increase on £4,000 threshold to £10,000

Kathleen Gallagher
clock • 2 min read
AJ Bell's Tom Selby
Image:

AJ Bell's Tom Selby

A quarter of pension savers over 55 are at risk of triggering the money purchase annual allowance (MPAA) as AJ Bell calls for an increase of the allowance from £4,000 to £10,000.

In a letter from HM Treasury economic secretary Andrew Griffith to AJ Bell head of retirement policy Tom Selby, the government said it estimates that 25% of occupational defined contribution pensio...

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