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In the Spring Budget, the Chancellor made it easier for people to enhance their pension pots with significant increases to pension allowances. The changes could help many people build up their retirement nest eggs, especially if they are playing catch up due to missed contributions in earlier years or gaps in employment.
Almost everyone wants a comfortable retirement as one of their financial goals, and because payments into a pension receive a substantial boost from tax relief, they are a highly efficient way to build that provision.
It could amount to a pension planning ‘revolution’ after successive years of cuts and freezes to various allowances.
In this partner webinar with Continuum: