Lib Dems pledge pension tax relief review; commit to triple lock

Promise second EU referendum

Tom Ellis
clock • 2 min read

The Liberal Democrats have pledged to review the case for a single rate of pensions tax relief and committed to maintaining the triple lock in their election manifesto.

The party, which suffered in the 2015 election when it was left with just eight MPs, has also said it will raise all income tax by 1p to raise £6bn for the NHS and social care services and promised its flagship policy of delivering a second EU referendum following the conclusion of Brexit negotiations. The party said increasing life expectancy is bringing challenges to long-term savings and future pensioners may need an income that can last up to 40 years. If elected, it would "establish a review to consider the case for, and practical implications of, introducing a single rate of tax...

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

Tessa Lee: The invisible cost of poor client data

Tessa Lee: The invisible cost of poor client data

How can you improve data quality?

Tessa Lee
clock 23 July 2026 • 4 min read
Dean Proctor: Hopes and fears for the new PM and cabinet

Dean Proctor: Hopes and fears for the new PM and cabinet

Stability, simplicity and the chance to do things differently

Dean Proctor
clock 23 July 2026 • 5 min read
Should spousal maintenance be abolished? A modern perspective

Should spousal maintenance be abolished? A modern perspective

Making the case for abolition and retention

Amy Walpole and Karen Brennan
clock 22 July 2026 • 4 min read