MPAA

Nigel Peaple reviews the government’s Budget measures on pensions

Abolishment of LTA, consultation on LGPS pool transfers and DC investment in growth sectors

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

LTA, AA and MPAA reforms, and investment in UK growth assets

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

Industry letter to the Treasury calls for MPAA to be increased from £4,000 to £10,000

Just Group said adjusted for rising prices, the MPAA should have surpassed £12,000

AJ Bell calls for increase on £4,000 threshold to £10,000