Chancellor Sunak 'likely' to freeze lifetime allowance - reports

The allowance freeze will raise £250m a year, The Times reported. If the lifetime allowance rose alongside inflation, as it currently does, it would increase by a further £88,900 by the end of the current parliament. The article appeared on the front page of The Times on Friday and headlined 'Sunak's tax raid on pensioners'. The story also quoted former pensions minister Steve Webb, who said: "At present, only a small number of people pay a tax charge when they exceed the lifetime allowance. But a long-term policy of freezing the limit could have implications for well over a million w...