Annual Allowance

Chancellor felt ‘forced’ to act as number of people caught increased

James Carter says the work to remove the LTA from April 2024 shows why stability is needed

Research finds while most IFAs support measure, planning for it long term is risky

Pension allowance reform praised by industry but cost and impact of measures questioned

LTA abolished, AA rises to £60,000 and both MPAA and MTAA increased to £10,000

Some fear the government could alter inheritance tax rules or hike the minimum pensions age to 60

Reports say LTA could increase from £1m to £1.8m and the AA from £40,000 to £60,000

Daily Mail says lifetime and annual allowances among those that will increase

Steven Cameron calls for LTA, AA and MPAA reform as chancellor expected to rethink rules