Budget

Chancellor Reeves to make 'difficult choices' in a bid to fill £22bn fiscal hole

Members who hold valid enhanced or fixed protections will be able to accrue new benefits

Nigel Peaple reviews the government’s Budget measures on pensions

‘Some rowing back’ may happen as framework is taken apart

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

Chancellor says package of measures will be unveiled in the autumn

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

Move would boost growth and deliver better outcomes for pensions and the economy