Six key pension takeaways from the 2023 Spring Budget

Abolishment of LTA, consultation on LGPS pool transfers and DC investment in growth sectors

Professional Pensions
clock • 4 min read
Picture by Rory Arnold / No 10 Downing Street
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Picture by Rory Arnold / No 10 Downing Street

Reform of pension tax allowances and LTA abolition The chancellor scrapped the lifetime allowance (LTA), increased the annual allowance (AA) from £40,000 to £60,000 and increased both the money ...

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