Rumours swirl over UK chancellor Hunt's Budget plans for pension taxation

Mark Battersby
clock • 2 min read

It would be odd for there not to be rumours swirling around changes to pension taxation in the days leading up to a Budget, says Jon Greer, head of retirement policy at Quilter. According to a report in the Daily Mail on 10 March, UK Chancellor Jeremy Hunt will use the Budget next Wednesday to unveil significant increases in pension allowances as part of a move to encourage people to work longer. However, he commented that "if these moves are designed to get people to go back to work or continuing to work longer, they may have the opposite impact. In fact, it would arguably allow some...

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