Pensions got a bit of a shake-up in Jeremy Hunt’s latest Budget with major changes made to how pension savings work.
During his recent Spring Statement, the Chancellor increased pension tax-free allowances and abolished the lifetime allowance.
The Government’s changes form part of its plans to get more people into work, including early retirees. It also hopes that the move will keep higher earners in qualified professions, such as NHS GPs and surgeons, in work for longer.
