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Budget 2023 – the big changes discussed
The Chancellor’s announcements on pensions in the Spring Budget have been branded as the ‘Most critical changes to pensions in a decade’. The big surprise was Jeremy Hunt’s move to scrap the lifetime allowance on pension pots in a bid to stem the wave of early retirement – but is it the right move?
And could the introduction of 30 free hours of childcare for children from 9 months help reduce the Gender Pensions Gap?
Phil takes a look at the impact the Spring Budget could have on savers with the help of Lauren Wilkinson from the Pensions Policy Institute and Simoney Kyriakou from the FT Adviser.