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

Advisers concerned clients are being misled by AI - research

Advisers concerned clients are being misled by AI - research

More than two thirds flag concerns about clients turning to AI for financial advice

Sophia Panayi
clock 04 June 2026 • 1 min read
Standing out from the crowd: WIFA entry tips from judge Gillian Hepburn

Standing out from the crowd: WIFA entry tips from judge Gillian Hepburn

'The number of outstanding entries always makes judging challenging'

Gillian Hepburn
clock 04 June 2026 • 4 min read
Advisers report under 50s make up growing chunk of client banks

Advisers report under 50s make up growing chunk of client banks

Under 40s make up almost a third, FE Fundinfo research finds

Sophia Panayi
clock 02 June 2026 • 2 min read