All the updated news related to lifetime allowance

All the news related to lifetime allowance updated in real time

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Scrapping of lifetime allowance is permanent tax cut for wealthy – Starmer

More generous tax-free pensions allowances in the Budget have been described by Labour leader Sir Keir Starmer as a “permanent tax cut” for the wealthy. Going beyond expectations, Chancellor Jeremy Hunt announced he is scrapping the lifetime ...

15 Mar 2023 at 15:57

Billions spent to stop 15,000 workers retiring is ‘huge giveaway to wealthiest’

A multibillion-pound tax break to stop an estimated 15,000 high earners leaving the workforce has been criticised by Sir Keir Starmer as a “huge giveaway to some of the very wealthiest”. Going far beyond expectations, Chancellor Jeremy Hunt ...

15 Mar 2023 at 17:28

Pensions tax cut for wealthy rewards hard work, says Dowden

The tax cut for people with pension pots worth more than £1 million defends a “basic, decent principle” of protecting those who work hard and save, a Cabinet minister said. Oliver Dowden defended the move, which will cost £2.75 billion ...

19 Mar 2023 at 10:57

Starmer: I’ll scrap my pension tax break when reversing lifetime allowance move

Sir Keir Starmer has said his plans to reverse the Chancellor’s lifetime pension allowance (LTA) reforms will not exclude targeting the benefits he received as head of the Crown Prosecution Service. The Labour leader has been accused ...

23 Mar 2023 at 14:05

Labour defends leader Keir Starmer against pension hypocrisy claims

Sir Keir Starmer did not choose his own pension arrangements while he was head of the Crown Prosecution Service, a spokesman for the Labour leader has said. The former director of public prosecutions (DPP) has come in for criticism ...

22 Mar 2023 at 14:19

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