Tax free lifetime allowance cut to 1m
The UK government is planning to cut the lifetime limit for tax-free pension saving to £1m from £1.25m, along with a series of measures designed to trigger a savings revolution.
The UK government is planning to cut the lifetime limit for tax-free pension saving to £1m from £1.25m, along with a series of measures designed to trigger a savings revolution.
A group of 150 financial companies are pushing for a savings minister, an overhaul of pension tax relief, and the development of a digital passport to tackle an emerging savings crisis.