MPAA worth £8,500 a year less than in 2015

Just Group said adjusted for rising prices, the MPAA should have surpassed £12,000

Holly Roach
clock • 2 min read
Just Group communications director Stephen Lowe
Image:

Just Group communications director Stephen Lowe

The money purchase annual allowance (MPAA) is worth £8,480 a year less in real terms than in 2015 when it was first introduced, analysis by Just Group finds.

The firm said adjusted for rising prices, the MPAA "should have reached £12,480", but was cut and frozen at £4,000, "subjecting thousands more pensions savers each year to onerous rules". The MP...

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

The most read stories on PP this week

Five stories you may have missed this week

TPR CEO speaks at PP Live, and M&S scheme affected by Capita breach

Professional Pensions
clock 26 May 2023 • 1 min read
First Actuarial founding partner Alan Smith

First Actuarial extends share ownership

Extension of share ownership follows retirement of founding partner Alan Smith

Martin Richmond
clock 26 May 2023 • 1 min read
Four steps to agreeing an endgame objective

Four steps to agreeing an endgame objective

Hymans Robertson’s Richard Wellard looks at the journey to buyout for DB schemes

Richard Wellard
clock 26 May 2023 • 5 min read
Trustpilot