Workplace Pensions: Tax Allowances — Written Question

Question

Mr Richard Holden

Conservative — Basildon and Billericay

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of the Pensions (Abolition of Lifetime Allowance Charge etc) (No. 3) Regulations 2024 on people with enhance protection; and whether she has considered

Answer

Torsten Bell

We are aware that recent changes made to the scheme-specific lump sum calculation are not operating as intended for those with certain forms of transitional protection, including those with enhanced protection. The result is that in some cases, entitlemen...

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