The Chancellor surprised everyone with his Budget announcements.
It had been rumoured for years that the Government would reduce pensions benefits due to their generous tax relief benefits, however, Jeremy Hunt went completely the other way, removing the lifetime allowance and increasing the annual allowance.
This allows more to be paid in and accumulated, creating more tax savings benefits. This month's article, 'Build the pension pot you want', from our Wealth partners, Continuum, explains the changes.
To take advantage of this generous relaxation of the allowances or if you need some assistance with your pensions or any financial planning needs, please contact Richard Higgs on richard@mycontinuum.co.uk or 0117 966 3902.