Home Finance Pension stealth tax: Sunak hides five-year freeze on pensions life allowance

Pension stealth tax: Sunak hides five-year freeze on pensions life allowance

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The pension lifetime allowance is a policy which places a limit on the amount people are able to put into their pension pot tax free each year. Usually, Britons can expect the sum to increase on the turn of every tax year, by the rate of inflation. However, the Chancellor’s latest announcements have proved this will not be the case going forward.



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