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Daily Mirror
Daily Mirror
Business
Levi Winchester

Budget 2023: Millions set for pensions boost to get over-50s back into work

Budget Jeremy Hunt BMA

Workers will be allowed to put more money into their pension pots as part of plans expected to be announced in the Budget tomorrow.

The move would see the pensions lifetime allowance increased for the first time since 2020.

The lifetime allowance is a limit on how much you can save into pension schemes without having to pay extra tax, with the figure currently set at £1.07million.

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