Why the Chancellor would be wrong to rule out a further reduction in the annual allowance

Jonathan Stapleton
clock

This morning newspaper reports said George Osborne is expected to reject calls to cut the tax-free annual pension contributions limit from £40,000 to £30,000 in his Autumn Statement.

The article in The Daily Telegraph said the Chancellor had been considering lowering the maximum pension-holders can save while getting tax relief from the government from the current £40,000 a yea...

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

PMI launches development partnerships initiative

PMI launches development partnerships initiative

Barnett Waddingham, Aptia and Local Government Association are founding partners

Martin Richmond
clock 13 November 2025 • 2 min read
News Digest: Labour's grand plan to unlock £160bn now expected to net just £11bn

News Digest: Labour's grand plan to unlock £160bn now expected to net just £11bn

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 13 November 2025 • 1 min read
Rising Star Awards 2025 - The winners!

Rising Star Awards 2025 - The winners!

Celebrating the emerging talent within the pensions industry

Jonathan Stapleton
clock 13 November 2025 • 1 min read
Trustpilot