
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...
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