Budget 2018: What pensions experts hope the Chancellor will deliver

Monday 29 October

Hannah Godfrey
clock • 4 min read

The removal of the tapered annual allowance, an increase to the lifetime allowance, and an entire systems review - here's what the experts from the pensions world would like to see in the 2018 Budget

This autumn's Budget will take place on Monday 29 October - just two days before the nation's spookiest holiday. Few leaks have trickled out from Westminster so far, but it cannot be long before the FT gets wind of some of the upcoming announcements. It has been suggested, however, that chancellor Philip Hammond is set to reveal a cut to pensions tax relief in order to raise revenue to pay for the NHS funding commitments. In August, meanwhile, rumours of flat-rate tax relief surfaced again, some two years since gossip about the long-feared change on pension contributions hit its peak....

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Professional Adviser TV: IHT 'uncertainty' and a pigeon hole warning

Professional Adviser TV: IHT 'uncertainty' and a pigeon hole warning

Key message is ‘not to panic’

Professional Adviser
clock 15 August 2025 • 1 min read
Titan Wealth losses widen to £44.7m following acquisition costs

Titan Wealth losses widen to £44.7m following acquisition costs

Revenues climb 44% to £77.4m as group continues expansion drive

Sahar Nazir
clock 15 August 2025 • 2 min read
Feel Good Friday: Benchmark encourages young people to foster financial literacy

Feel Good Friday: Benchmark encourages young people to foster financial literacy

Wesley Harrison shares ‘guide to talking about money’

Professional Adviser
clock 15 August 2025 • 1 min read