Partner Article

No change to pensions welcomed

National IFA, pensions and employee benefits consultancy, LEBC Group has welcomed the certainty afforded to pension savers with no changes to the existing rules being proposed in the Chancellors Budget for pension savers.

Kay Ingram, director of savings and investments at LEBC said: “Having undergone many changes in pension scheme rules last year, the introduction of pension flexi access, freedom to pass pensions on to future generations and the changes in the annual and lifetime allowances, pension savers now need a period of stability in which they can save with confidence.

“The Chancellor was wise to resist calls for further changes to tax relief and this Budget gives savers the certainty they can continue to save with the benefit of marginal rate tax relief on their contributions, tax exempt growth on their funds and up to 25% of the fund payable as a tax free lump sum.”

This was posted in Bdaily's Members' News section by LEBC Group Ltd .