Written Question·Treasury·UIN 14293
Pensions: Tax Allowances
Tabled: 14 November 2024
Answered: 22 November 2024
Question
John Glen
Conservative — Salisbury
To ask the Chancellor of the Exchequer, what her policy is on (a) the level of the pension annual allowance and (b) the application of a lifetime allowance to pensions.
Answer
James MurrayThe Government wishes to encourage pension saving, to help ensure that people have an income, or funds on which they can draw, throughout retirement. There is no limit to the total amount you can build up in your lifetime pension savings without incurring...
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