Post by rubl on Mar 17, 2023 7:41:53 GMT 7
Good news, assuming you earn enough to save some extra money.
"UK Treasury Is Giving Rich People £75,000 a Year to Keep Working
Abolishing lifetime pension limits to cost $1.1 billion
Child care reforms will bring more people back into workforce
Convincing older British workers to stay in their jobs will cost the UK Treasury £75,000 ($90,000) per person in tax breaks for some of the country’s wealthiest savers, analysis of Chancellor of the Exchequer Jeremy Hunt’s budget shows.
In his budget speech on Wednesday Hunt scrapped the lifetime allowance on pensions – the total that workers can pile into their retirement pot without incurring tax – and increased the tax-free annual limit on contributions by 50%, to £60,000."
www.bloomberg.com/news/articles/2023-03-15/uk-budget-2023-hunt-abolishing-lifetime-pension-limit-costs-75-000-per-worker
"UK Treasury Is Giving Rich People £75,000 a Year to Keep Working
Abolishing lifetime pension limits to cost $1.1 billion
Child care reforms will bring more people back into workforce
Convincing older British workers to stay in their jobs will cost the UK Treasury £75,000 ($90,000) per person in tax breaks for some of the country’s wealthiest savers, analysis of Chancellor of the Exchequer Jeremy Hunt’s budget shows.
In his budget speech on Wednesday Hunt scrapped the lifetime allowance on pensions – the total that workers can pile into their retirement pot without incurring tax – and increased the tax-free annual limit on contributions by 50%, to £60,000."
www.bloomberg.com/news/articles/2023-03-15/uk-budget-2023-hunt-abolishing-lifetime-pension-limit-costs-75-000-per-worker
