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Wednesday, 15 March 2023 16:25

Budget: Shock from Chancellor as LTA scrapped

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Chancellor delivering his speech in the Commons today (courtesy of BBC) Chancellor delivering his speech in the Commons today (courtesy of BBC)

Chancellor Jeremy Hunt shocked the pensions sector in his Budget today by announcing that he would 'scrap' the pensions Lifetime Allowance and increase the annual allowance from £40,000 to £60,000.

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