News

Will be able to instruct scheme administrators to pay

Investment limits doubled

‘Absurd situation’ caused by frozen thresholds and triple lock commitment

Unused allowance transferable between spouses and civil partners

Responding to the chancellor’s decision to cap salary sacrifice for pensions at £2,000

Confirmed in Budget documents today

OBR estimates this will raise £900m a year from 2027/28 onwards

Triple lock sustainability remains a key issue for government

Will bring in £1.2bn a year

Compensation payments exempt ‘regardless of the circumstances’