Experts weigh in as speculation mounts on big rises to lifetime and annual UK pension limits

Mark Battersby
clock • 14 min read

Speculation is building to fever pitch that the UK's pension savings lifetime allowance is going to rise significantly, even to return to its previous height in 2010/11 of £1.8m, a near 70% jump from its current level £1,073,100. Elsewhere, there are claims that the annual allowance is going to grow from £40,000 to £60,000, which does not get anywhere near its highs of £255,000 in 2010/11. Among latest industry comments, Jon Greer, head of retirement policy at Quilter said: "In the 2021 Budget, the lifetime allowance was due to be frozen at its current level till April 2026. On the b...

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