Labour vows to reverse pension LTA abolition

Lifetime allowance on pension saving scrapped in yesterday’s Budget

Jenna Brown
clock • 1 min read
Labour vows to reverse pension LTA abolition

Labour has said it would reinstate the lifetime allowance (LTA) on pension savings after the chancellor yesterday announced it would be scrapped as part of his Budget reforms.

Jeremy Hunt yesterday (15 March) told MPs the £1.07m limit on tax-free pension saving would be removed. It had been predicted he would increase the allowance to £1.8m but instead removed it altoget...

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