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
Industry comments come ahead of the chancellor’s Autumn Statement tomorrow
Reform of pensions tax would be hard, but some areas appear more generous than others
Policy has evolved substantially since the Finance Act 1921, says Jane Marshall
Pension body urges government to consider four key policy areas in 2021 Budget
Trade body warns removing higher tax relief rate would create few winners
The Public Accounts Committee’s recommendation that HM Revenue & Customs (HMRC) should conduct a review into the impact of pensions tax relief has been ruled out by government.
With rumours once again swirling around the future of pensions tax relief in the run up to this year's Budget, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions, says Tom Selby