The pensions industry has laid out its expectations for the 2026 Autumn Budget, with changes to the personal allowance on the list as well as rumours around the possibility of making tax relief contingent on investment in the UK.
Chancellor John Healey is delivering his first Budget on Wednesday (28 October), with speculation mounting about what he might announce for pensions. Tax changes Some industry experts have called for no tinkering with pension taxation, especially considering the list of reforms currently being implemented across the sector. The Times reported the chancellor is planning to raise the tax-free allowance for low-income pensioners to help prevent pensioners who are dependent on the state pension from paying tax as the level is set to exceed the current threshold. The paper also report...
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