Remove spring-budget-2023-government-increases-tax-free-pensions-allowance-by-50
article thumbnail

Spring Budget 2023: Tax-free pensions allowance up by 50%

Employee Benefits

Spring Budget 2023: In his Budget address to the House of Commons today (15 March 2023), Chancellor of the Exchequer Jeremy Hunt addressed the issue of unpredictable pension tax charges causing employees to leave work, particularly within the NHS.

Pension 64
article thumbnail

Spring Budget 2023: Pensions lifetime allowance scrapped

Employee Benefits

Spring Budget 2023: Chancellor of the Exchequer Jeremy Hunt announced in his Budget statement today (15 March 2023) that government will abolish the lifetime allowance for pensions. This will be effective from April 2023.

Pension 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The UK workplace sector reacts to the Spring Budget 2023

Workplace Insight

Today the UK’s Chancellor of the Exchequer, Jeremy Hunt presented his Spring Budget to the House of Commons. Other key announcements A £400m investment to increase the availability of mental health and musculoskeletal resources, and expand the placement and support scheme for individuals. billion every year.

article thumbnail

How have pension freedoms impacted retirement planning?

Employee Benefits

Need to know: Increasing education about pensions is key to helping employees make the right decisions about accessing their pension savings early. The ability to access pension funds early could prompt changes to the way that pension providers invest for their members.