Ex-pensions minister Ros Altmann shares 12 potential Budget pension reforms

She said recent weeks had seen an "almost non-stop flow of suggested pension policy reforms" for the upcoming Budget with "several radical ideas" being proposed. Altmann said the chancellor should aim to change as little as possible in the near term and avoid adding new complexities, while ideally encouraging more pension contributions to benefit British growth and investment. 12 policy options 1.      Reduce annual allowance (AA) from £60,000 to £50,000 Altmann said this would be one of the easiest ways to reduce annual spending on tax relief for pensions. Changes the AA woul...