Spring Budget 2024

Commenting for an article in Professional Pensions on what the industry wants (and expects) from the spring budget, Claire Carey said that stability in the pensions tax system would be most welcomed by the industry. She said that much of the industry would “happily wave a fond farewell to the tapered annual allowance” and that any possible new announcements on the LTA would be centred around “trimming around the edges”.   “For example, where the LTA is stitched into a scheme’s benefit design, its absence could leave a gaping hole. News on provisions which could help ease the transition to the new pensions tax framework is therefore eagerly awaited.”

You can read the full article here.