Pensions Budget Update

    View Authors March 2012
    The 2012 Budget was announced yesterday. There was a slight impact on pensions plans from the changes unveiled by the Chancellor but, on the whole, it was quieter than originally anticipated. The annual allowance for pensions savings remained the same, contrary to widespread expectations. There was also no change to pensions tax relief for higher earners.

    However, there were a number of announcements made yesterday that impact on pensions plans – including future reform of the state pension system and further changes affecting asset-backed funding structures, amongst others.

    Do you want to know how the 2012 Budget has affected pensions? Read the full publication.