Budget in review: A 'transformative' time for pension savers

Spring back to work….please! A look at the big changes in pensions

clock • 5 min read

Stewart Sanderson reviews the Spring Budget through the lens of financial advice. It, he says, will create employment opportunities, increase tax revenue and be transformative to pension savers...

Although it was claimed that the chancellor wanted the Spring Budget to be ‘boring', the reality was anything but. In his Spring Budget statement the UK chancellor, Jeremy Hunt, announced huge reform and assistance with the aim to encourage people back to work and alongside this was some unexpected news for pension savers. Packages were targeted to help new parents, those on long-term sick leave, and the over-fifties who had all but given up on work. This Budget made clear that he wants them back in the workforce to boost growth and tax receipts. It would be remiss not to mention ...

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 Tax planning

The 'stark' impact of tax and pensions changes on special needs families

The 'stark' impact of tax and pensions changes on special needs families

Among hardest hit by ‘poorly consulted’ reforms

Jen Frost
clock 27 October 2025 • 8 min read
Former BoE governor Lord King slams potential 'mansion tax' proposal – report

Former BoE governor Lord King slams potential 'mansion tax' proposal – report

The potential property tax ‘not a coherent tax strategy’

Isabel Baxter
clock 27 October 2025 • 2 min read
Chancellor urged to tackle IHT 'flaw' for infected blood scandal compensation payments

Chancellor urged to tackle IHT 'flaw' for infected blood scandal compensation payments

HMRC slammed for having ‘no level of urgency’

Jen Frost
clock 22 October 2025 • 4 min read