Spring Budget Pensions

560 315 Jess Easby

2023 Spring Budget on Pensions

Jeremy Hunt delivered his first budget as Chancellor of the Exchequer on 15th March and announced the following changes to pension legislation. 

Pension Lifetime Allowance

The Lifetime Allowance charge will be removed from April 2023 before it is abolished entirely from April 2024.

Pension Annual Allowance

The Annual Allowance will be raised to £60,000.

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