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A long-awaited reform of the money purchase annual allowance (MPAA) announced in today’s (15 March) Spring Budget has been well-received when it comes to client impact.
Every time there is a Budget there is speculation the chancellor will do something radical on pensions taxation. It has happened so often over the past decade I have wondered if I should set my watch by it.
Planned increases to the lifetime allowance (LTA) and annual allowance (AA), widely predicted to be announced in tomorrow’s budget speech, are good news for savers but may fail to attract the recently retired back into work, commentators have said.
This is Money exclusively revealed the phone gridlock last month , and the Government said a few days ago said it might accept late payments on a case-by-case basis.
'Golden opportunity' extended after applicants kept waiting on hold for hours