Image:
Chancellor Jeremy Hunt will deliver the Spring Budget tomorrow (15 March)
There have been widespread media predictions that chancellor Jeremy Hunt will announce increases to the lifetime allowance (LTA) and the annual allowance (AA) in tomorrow’s (15 March) Spring Budget, in a bid to encourage older workers to stay in or return to work.
It has been widely reported the LTA will rise from the current £1.073m to as much as £1.8m, and reports suggest the AA could rise from £40,000 to £60,000. Lane Clark & Peacock partner and former...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
