Chancellor likely to announce increase to £40,000 pension annual limit and lifetime allowance
Jeremy Hunt is considering a boost for the pensions of middle-class professionals and more help with childcare for parents in next week’s budget, as he tries to get more people into the workforce.
The chancellor is likely to announce significant increases to pensions allowances in a bid to tackle the “pension trap”, which has led many workers to take early retirement.
Continue reading…Chancellor likely to announce increase to £40,000 pension annual limit and lifetime allowanceJeremy Hunt is considering a boost for the pensions of middle-class professionals and more help with childcare for parents in next week’s budget, as he tries to get more people into the workforce.The chancellor is likely to announce significant increases to pensions allowances in a bid to tackle the “pension trap”, which has led many workers to take early retirement. Continue reading…