Removal of the LTA, pensions tax reform, TPR’s general code, and AE contributions
Members who hold valid enhanced or fixed protections will be able to accrue new benefits
‘Some rowing back’ may happen as framework is taken apart
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
2021 measure to freeze LTA set to raise twice as much for HMT as originally thought