Autumn Statement 23: Government to consult on DB surplus repayment rules

The government said current 35% tax rate on extracted surpluses will reduce to 25%

Holly Roach
clock • 3 min read
Source: HM Treasury https://www.flickr.com/photos/hmtreasury/53347116498/
Image:

Source: HM Treasury https://www.flickr.com/photos/hmtreasury/53347116498/

The government is set to launch a consultation on defined benefit (DB) repayment rules.

  The government confirmed today (22 November) that to enable pension funds to invest in a diverse portfolio, it will be consulting this winter on whether changes to rules around when DB scheme ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

L&G becomes ABI member

L&G becomes ABI member

Firm becomes one of 300 members after working with the ABI on projects

Jasmine Urquhart
clock 30 January 2026 • 1 min read
Sir Richard Shirreff announced as keynote speaker at PP Live

Sir Richard Shirreff announced as keynote speaker at PP Live

PP’s flagship event takes place on 19 May in central London

Professional Pensions
clock 30 January 2026 • 1 min read
New DB surplus rules 'landing in the sweet spot'

New DB surplus rules 'landing in the sweet spot'

LCP survey finds strong support for changing surplus rules

Holly Roach
clock 30 January 2026 • 2 min read
Trustpilot