Pensions tax-free cash untouched – but what about those who acted pre-Budget?

Despite the high amount of speculation, chancellor Rachel Reeves decided not to introduce new limits on pensions tax-free lump sums in yesterday's (30 October) Autumn Budget. It was initially reported that Reeves was considering a £100,000 cap on tax-free cash from pensions. However, she did not make any changes. The Telegraph reported the cap was being considered as part of the government's economic plan in a bid to plug the £22bn public finance deficit. It said the lump-sum limit may be reduced by two thirds to £100,000 "after recommendations from think tanks". The Institute for ...