Tax & Legislation

Budget update – limits on pension

01 July 2021

There was only one change to the limits on pension savings in the March 2021 Budget Statement. This change was to freeze the Lifetime Allowance (LTA) at its current level (£1,073,100) until the end of the 2025/26 tax-year. Before this change the LTA increased automatically each year in line with the increase in the Consumer Prices Index.