Lifetime ISA: Are seismic changes ahead for UK long-term savings?

'Pension ISA by the back door'

clock • 4 min read

Andrew Tully takes a look at the pension changes outlined in George Osborne's eighth Budget speech. Has the Chancellor introduced a pension ISA by the back door?

Following a period of consultation, this Budget was predicted to change the basis of pension saving with changes to tax relief, or possibly go even further with the introduction of a pension ISA. However, you could almost hear an audible sigh of relief from across the industry when, shortly before Osborne delivered his speech, the media were briefed that, after all, there would be no changes to pension tax relief. This appears to be supported by the Treasury response to the consultation which concluded that while there was no clear consensus, the general view is the current system giv...

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