The chancellor removed the Pensions Lifetime Allowance in his Spring Budget, helping those who expect...

Published: 8:24 pm March 16, 2023
Updated: 6:02 pm April 19, 2024
Jeremy Hunt’s Pension Reforms Have Been Criticised For Benefiting Only High Earners And Doing Nothing For Low Or Medium Earners

The chancellor removed the Pensions Lifetime Allowance in his Spring Budget, helping those who expect to or have already paid over a million into their pension, which is significantly fewer in number in the UK.

While Hunt aimed to bring senior doctors and consultants back into the workforce by removing the limit, experts have criticised the decision as a “permanent tax cut” for the wealthy.

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Topics :Worth

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